Friday, May 4, 2007

No Severance for Lee

Posted on Fri, May 4, 2007 at 4:00 AM

MLGW has just issued a press release stating that former president Joseph Lee and former general counsel Odell Horton Jr. will not receive a severance package. The two men resigned earlier this week after the utility company had been plagued by scandal.

The memo reads: "Memphis Light, Gas and Water Board Chairman and Interim President and CEO Rick Masson announced this afternoon that former MLGW President Joseph Lee III and former General Counsel Odell Horton Jr. will not be eligible for severance packages. In addition, neither Lee nor Horton is eligible for retirement under MLGW policy, so both men will receive their contributions to the MLGW pension system."

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