Salary Blowup at Puerto Rico Power Company Prompts CEO to Resign - NBC 7 San Diego
Puerto Rico Recovers After Maria

Puerto Rico Recovers After Maria

Complete coverage of relief and recovery efforts in Puerto Rico, following Hurricane Maria

Salary Blowup at Puerto Rico Power Company Prompts CEO to Resign

The controversy erupted as Puerto Rico is trying to privatize the power company, which is $9 billion in debt after Hurricane Maria

    processing...

    NEWSLETTERS

    Salary Blowup at Puerto Rico Power Company Prompts CEO to Resign
    Ramon Espinosa/AP
    In this Oct. 16, 2017 file photo, power lines lay broken after the passage of Hurricane Maria in Dorado, Puerto Rico.

    An outrcry over a promised $750,000 salary for the CEO of the indebted Puerto Rico Electric Power Authority prompted him to quit less than 24 hours after assuming the position, along with four members of the board.

    Rafael Díaz Granados stepped aside instead of taking a pay cut ordered by Governor Ricardo Rosselló.

    Díaz Granados' predecessor, Walter Higgins had resigned as head of the power authority, known as PREPA, on Wednesday, after only four months in the job.

    The controversy erupted as Puerto Rico is trying to privitize the power company, which is $9 billion in debt after Hurricane Maria.

    Clerk Pulls Out Machete on Would-Be Robber

    [NATL] Clerk Pulls Out Machete on Would-Be Robber

    A would-be robber armed with a knife had a surprise in store when an Alabama store clerk pulled out a machete in defense. The two's brief knife fight was caught on camera before the clerk runs out to damage the robber's car.

    According to police, suspect Seth Holcomb walked up to the counter to make a purchase. He leaves the store and then comes back in as if to make a second purchase. Then, he pulled out a knife at the counter. What he didn't expect was that the clerk would pull out a machete of his own.

    (Published Wednesday, March 20, 2019)

    Díaz Granados' expected $750,000 salary exceeded the $450,000 that Higgins earned. Rosselló ordered an income adjustment, saying the number was in no way proportional.

    "PREPA must temper the salary to what I am proposing or, alternatively, the members that are not willing to do so must resign their positions," he said. 

    Díaz Granados said that it was a sacrifice to take this position for $750,000. 

    "I am making a sacrifice on behalf of the people of Puerto Rico, because every day I am in Puerto Rico is a day that I can't be somewhere else where I could be earning a lot more," he said in a radio interview.

    By the end of the day, the governor had replaced two of the board members.