The board of Dallas-based Oncor recently authorized a $17 million payment to its CEO, Robert Shapard, and three other execs are receiving payments of more than $2.7 million apiece, the Texas Tribune reported this morning. The approval for the bonuses was filed with the Securities and Exchange Commission on Nov. 21, the day before Thanksgiving.Â Consumer advocates were not pleased.Â The company’s performance does “not in any way justify bonuses,” Tom “Smitty” Smith, Texas director for Public Citizen, told the Tribune. The bonuses come on the heels of the company’s recent $5-a-month add-on forÂ its construction of wind-power transmission lines built acrossÂ Texas, and the installation of smart meters, which will cost consumers $2.19 a month for the next 10 years.
Read This Next
- Byron Nelson Tournament
- Hot Property: Show-Stopping Contemporary in Preston Hollow by Caitlin Clark
- 7 Ways to Celebrate Memorial Day Weekend in Dallas by Alex Macon
- Go Inside the Homes of Bravo's Real Housewives of Dallas by Caitlin Clark
- Keeping Tabs: Vetted Well by Tara Nieuwesteeg
Advertisement will run for seconds. Continue to site »