| Odd changes in Entergy's J. Wayne Leonard's compensation package according to the April 14 issue of Forbes.
I've been so busy worrying about the accident at Japan's Fukushima reactor, that I almost forgot about Vermont Yankee and all the doins here in Vermont. Although I haven't forgotten that VY is the same age and make as Fukushima.
An out-of-state friend was reviewing the compensation packages for utility execs in Forbes magazine and sent me this little gem today, and I just had to share it with Vermonters since the state is also being sued by Entergy.
FROM FORBES
Total Compensation
$18.12 mil
5-Year Compensation
$101.96 mil
Education:
College: Ball State University BS '73
Graduate School: Indiana University MBA '87
J Wayne Leonard has been CEO of Entergy (ETR) for 12 years. Mr. Leonard has been with the company for 13 years. The 60 year old executive ranks 2 within Utilities
Leonard also ranks 65 in compensation compared with other corporate execs. Wow.
In 2009, the Vermont Yankee Public Oversight Panel recommended that Entergy Nuclear Vermont Yankee (ENVY) buy a new condenser for its reactor. Well, actually ENVY's own staff recommended that VY needed a new condenser all the way back in 1999. ENVY has claimed it does not have the $100 Million needed, but they did have the $100 Million to pay out over 5 years in a special compensation package for Entergy CEO J. Wayne Leonard!
Wow - Leonard could buy VY its condenser and still have more than $1 Million in compensation. Leonard could make a significant donation and ease VY's reliability issues and still be left with a pretty hunk of change. Of course, he still couldn't change VY's Fukushima Mark 1 BWR design. |
