Posted by 1206SWMO on October 03, 2007 at 22:23:56 from (67.54.185.214):
Our electric coop has assets of 13 million and a debt of 26 million thanks to a crooked CEO and a board that let him do it.He'd been at the coop for 35 years.
He got us in the LP gas business and somehow it lost 6 million dollars,probably most of it in his back pockets.
Since 2000 his salary has totaled $2.8 million dollars and hes been gone most of this year.He got $309,000 in severance pay.He spent $300,000 of the coops money on his house.The list goes on and on.
It looks like the board give him a blank check.Read the link below plus the links the Joplin Globe paper provides in the upper left corner..I'm guessing that our electric rates soon skyrocket.
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