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Tennessee Lottery Board Grilled23 July 2004NASHVILLE, Tennessee – As reported by the Associated Press:"The perception that the Tennessee lottery is too generous with pay and benefits, especially to top managers, got a thorough airing before the Legislature's Fiscal Review Committee last week. "The joint committee grilled four Lottery Corp. board members and top executives for nearly four hours last week, focusing on the pay and benefits provided in the lottery's early months to CEO Rebecca Paul and other executives of the quasi-governmental corporation. "Board Chairman Denny Bottorff fielded most of the questions. His general rebuttal was that the lottery, unlike most enterprises, could quantify significant financial losses for every day it was not operating -- an estimated $670,000 per day -- creating an immense pressure for bonuses and other perquisites if they could be shown to get the lottery up and running even a day early. |