The leader of South Carolina’s state-owned utility, Jimmy Staton, requested a pay cut on his $1.5 million salary.
The Santee Cooper board of directors approved reducing Staton’s base pay by $250,000 annually, said spokesperson Mollie Gore. The cut stills needs approval from state lawmakers.
Deputy CEO and Chief Operating Officer Michael Finissi and other senior management staff at Santee Cooper will take on more responsibilities, Gore said. Staton asked the board to raise their salaries, and cut his, for their new roles…