GMP CEO Mary Powell’s parachute: $2.1 million – VPR

Mary Powell announced recently she will resign as CEO of Green Mountain Power by the end of this year. “Special retirement benefit:” $2.1 million. She’ll also receive $89,000 annual pension, and 401k retirement plan to which GMP contributed $14,800 to last year.

“Most of her compensation isn’t guaranteed; it’s considered to be at risk,” [spokesperson Kristen] Kelly said. “It’s tied to specific results that she has to deliver for customers. And if those results don’t come in, she doesn’t get that pay.”

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  • M. Dunham
    commented 2019-10-12 16:53:20 -0400
    I guess I would want to retire too.
  • Chuck Thompson
    commented 2019-10-12 10:38:49 -0400
    I have never questioned anyone’s retirement benefits package,
    I figured you earned it …….

    But I wonder how the ratepayers at GMP feel about this little bit
    of knowledge $2.1M ??, wait until she gets into the political arena.

    She’s one of many within GMP and other City & State Employee
    unfunded liabilities " boondoggle ", keep paying your monthly
    bills they are depending on you !!