Leonard Muzyn's TVARS Blog

I share Dennis’ concerns below. If anyone can think of another reason why TVA would want to extend the term of the 7th TVARS director with the particular rule change described below, please let me know. From: Dennis To [mailto:dpto19533@gmail.com] Sent: Monday, April 16, 2018 2:12 AM To: Dennis To Subject: Why the need for interim 7th director? At the tvars Board mtng on Oct 30, 2017, Wilson Taylor (TVA-appointed director) made a motion which was then approved by 4-to-2 majority vote.  This motion allowed Allen Stokes to stay on (for one year) as interim director until the 7 th director is selected by the tvars board.  Did Wilson make such a motion in the best interest of retirees?  Of course, not. That motion was clearly intended to serve some purpose of TVA.  The big question is, what is it for? There is a very serious implication behind this move.  For the entire history of tvars existence, I believe this is the first time ever that some...

A motion was made in the March 29, 2018 TVARS Board meeting to fill the upcoming 7th director term through a retiree election.  The motion was defeated 3-3.  Sam, Jim and I voted YES.  Directors Stokes, Wilson and Taylor voted NO. A second motion was then made to begin the process of seeking candidates for the 7th director.  This motion passed 4-2.  Director Taylor joined the three of us in voting YES.  Directors Stokes and Wilson voted NO. The Board is working on a letter to be mailed soon to all retirees seeking nominations for the November 1, 2018 through October 31, 2021 term.  Interviews will then be conducted and the three elected and three appointed directors will make the selection. I strongly encourage all interested retirees to apply.