64ºF

JEA board approves bonus for employees

CEO gets bonus of nearly $50K

photo

JACKSONVILLE, Fla. – Employees at Jacksonville’s electric company are getting a bonus this holiday season.

On Tuesday, JEA’s board voted in favor of “pay for performance” bonuses for employees, who will share 3.2 percent of base salaries for a total of $4.7 million.

The board voted to give CEO Paul McElroy a bonus of $48,136.98, equal to more than 10 percent of his salary. It’s not the biggest bonus the employees could have received. JEA, which is not-for-profit, has a bonus structure based on customer satisfaction as well as operations and maintenance savings. The company missed two goals, but the chair says they did very well considering the bad weather that pummeled the region

SEE: All of the bonuses approved by JEA's board

"Tremendously successful year," G. Alan Howard, chair of the JEA board, said. "We went through two hurricanes. And look, I know everybody didn’t get their power turned on the very next day, but I measure the performance that we had in Matthew versus what we had in Irma. And there is dramatic improvement."

JEA board member and businessman Tom Petway also stepped down at the end of the meeting. In what many took as a surprise, he suggested that the public utility’s leaders consider going private and evaluate the worth of the organization.
 


About the Author: