Home FAQ Search Memberlist User Groups Register Login   

BloggingTories.ca Forum IndexBloggingTories.ca Forum Index
    Index     FAQ     Search     Register     Login         JOIN THE DISCUSSION - CLICK HERE      

*NEW* Login or register using your Facebook account.

Not a member? Join the fastest growing conservative community!
Membership is free and takes 15 seconds


CLICK HERE or use Facebook to login or register ----> Connect



Goto page Previous  1, 2  

Post new topic   Reply to topic Page 2 of 2
View previous topic :: View next topic  
Author Message
Toronto Centre





Joined: 12 Feb 2011
Posts: 886
Reputation: 107.1
votes: 4
Location: Toronto

PostPosted: Fri Apr 13, 2018 2:45 pm    Post subject: Reply with quote

Buy shares in Hydro One. Hedge your bets and all should be fine.

Not to mention you can vote as a shareholder .

Quote:
that's why people can't understand why the person running this company is being rewarded with one of the biggest salaries in the province


Correction, people dont want to know. Sad for them.
RCO





Joined: 02 Mar 2009
Posts: 7773
Reputation: 265.6
votes: 3
Location: Ontario

PostPosted: Sat Apr 14, 2018 8:50 am    Post subject: Reply with quote

Toronto Centre wrote:
Buy shares in Hydro One. Hedge your bets and all should be fine.

Not to mention you can vote as a shareholder .

Quote:
that's why people can't understand why the person running this company is being rewarded with one of the biggest salaries in the province


Correction, people dont want to know. Sad for them.



your not getting the point , his salary is way too high , none of the other hydro CEO's at similar operations in other provinces are making $6 million a year

its beyond what anyone would consider reasonable when considering the current situation in Ontario related to hydro prices
RCO





Joined: 02 Mar 2009
Posts: 7773
Reputation: 265.6
votes: 3
Location: Ontario

PostPosted: Thu Apr 19, 2018 10:06 am    Post subject: Reply with quote

( the hydro board inserted a clause into the CEO contract that allows for him to collect $10 million in severance pay if he is fired )


Doug Ford Calls on the Millionaires Club Running Hydro One to Resign

Published on April 19, 2018

As Premier, I will take immediate action to fire the entire scandal plagued Hydro One CEO and Board, should they fail to resign.

Doug Ford today called on the executives and insiders on the Hydro One Board to resign immediately.


Ford made his call following explosive revelations in the Globe and Mail newspaper. A mere six months before an election that promised to finally bring accountability to the company, the Hydro One Board secretly inserted a poison pill into the contract of the Hydro One CEO, that would allow him to cash in $10 million dollars in severance on the way out the door should he be fired.

“Today in Ontario we have seniors unable to pay the rent and families being forced to choose between heating and eating, all because of the hydro mess,” said Ford. “Now, we are learning that the millionaires club running Hydro One have agreed to Kathleen Wynne’s $6 million dollar man getting an additional $10 million should he be fired.”


Ford also reiterated that he would use every tool at his disposal to remove the CEO and Board from Hydro One, including the prospect of passing retroactive legislation to ensure that these millionaire executives will be blocked from enriching themselves off of the backs of hardworking families and businesses.


“If the CEO and Board at Hydro One have any respect for their customers, for Ontario or for the people, they would resign today,” Ford continued. “If they don’t resign, you’d better believe I’ll be kicking him and them out the door and I will use every tool at my disposal to claw back every single dime they’re taking out of the pockets of the people.”

Ford also pointed out that this latest Hydro One payoff took place under the watch of Kathleen Wynne, who choose to do nothing while hydro cronies and insiders continued to loot the hydro bills of Ontario families.


"Why does Kathleen Wynne continue to spend more time standing up for the fat cat hydro executives on millionaires row than she has ever spent standing up for the families and seniors who can’t pay their bills,” said Ford? “Once again she tries to sweep another scandal under the rug. Once again she will do anything to distract from her record.”

“I’m going to start cleaning up Kathleen Wynne’s hydro mess on Day One,” Ford concluded. “Starting with getting rid of the $6 million dollar man and the other millionaire cronies on the hydro board. Nobody gets to get rich for ripping you off on your hydro bills. We’re the only party that has a plan to clean up the hydro mess and lower hydro bills for the people.”

https://www.ontariopc.ca/doug_ford_calls_on_the_millionaires_club_running_hydro_one_to_resign
Toronto Centre





Joined: 12 Feb 2011
Posts: 886
Reputation: 107.1
votes: 4
Location: Toronto

PostPosted: Thu Apr 19, 2018 12:04 pm    Post subject: Reply with quote

RCO wrote:



your not getting the point , his salary is way too high ,


He is paid a salary of $1.1M , so obviously NOT too high.

But then again, I bet you didnt know this. No surprise there.

80% of his total compensation comes from achieving benchmarks. Thats where the real money comes into play .
Quote:

none of the other hydro CEO's at similar operations in other provinces are making $6 million a year

Ok. So what?
Should he be paid the same as the guy in PEI ? Nova Scotia?

Quebec?
Quote:

its beyond what anyone would consider reasonable when considering the current situation in Ontario related to hydro prices

LOL....no it is your opinion based on , frankly I have no idea what but you seem to want a paupers salary. Not going to happen based on size and complexity of the job.
Toronto Centre





Joined: 12 Feb 2011
Posts: 886
Reputation: 107.1
votes: 4
Location: Toronto

PostPosted: Thu Apr 19, 2018 12:07 pm    Post subject: Reply with quote

RCO wrote:
( the hydro board inserted a clause into the CEO contract that allows for him to collect $10 million in severance pay if he is fired )


Gosh...I wonder what I said last weeK?

Oh yeah...
Quote:
Hmm...maybe Dog Ford needs to shut up until after he is elected , at least on this file.

CEO Hydro can call a meeting and institute a golden parachute that Doug will have to pay off.

Dumb.

Seems the folks at Hydro One knew this could happen and got ahead of the game.

Not to forget that firing this guy , hell firing the whole board wont change the prices we pay by a cent.
The Energy Board establishes the rates.

Optics. Sheesh .
RCO





Joined: 02 Mar 2009
Posts: 7773
Reputation: 265.6
votes: 3
Location: Ontario

PostPosted: Thu Apr 19, 2018 12:45 pm    Post subject: Reply with quote

Toronto Centre wrote:
RCO wrote:
( the hydro board inserted a clause into the CEO contract that allows for him to collect $10 million in severance pay if he is fired )


Gosh...I wonder what I said last weeK?

Oh yeah...
Quote:
Hmm...maybe Dog Ford needs to shut up until after he is elected , at least on this file.

CEO Hydro can call a meeting and institute a golden parachute that Doug will have to pay off.

Dumb.

Seems the folks at Hydro One knew this could happen and got ahead of the game.

Not to forget that firing this guy , hell firing the whole board wont change the prices we pay by a cent.
The Energy Board establishes the rates.

Optics. Sheesh .



but why would the board have assumed his firing was coming in the future ? no one had said anything about this until now


clearly they knew the public was upset about the sale of hydro one and upset about high hydro bills


so they decided to get ahead of the game and make sure there all treated well if they are fired and that they all stay wealthy


the firing of the CEO might not lower rates but its a symbolic first step towards fixing the mess created at hydro one by wynne and her crazy decision to sell it , which there was very little public support for
Toronto Centre





Joined: 12 Feb 2011
Posts: 886
Reputation: 107.1
votes: 4
Location: Toronto

PostPosted: Thu Apr 19, 2018 2:17 pm    Post subject: Reply with quote

RCO wrote:



but why would the board have assumed his firing was coming in the future ? no one had said anything about this until now

Not hard to see the writing on the wall .

I am no fan of golden parachutes but they are very common . So is the poison pill game.
Quote:

clearly they knew the public was upset about the sale of hydro one

Nope. It was a smart move in the medium term although it may come back and bite us.
Quote:
and upset about high hydro bills

Which, as you show us, means they dont have a clue how the rates are set.
Quote:

the firing of the CEO might not lower rates

You can permanently remove the ' might' .
RCO





Joined: 02 Mar 2009
Posts: 7773
Reputation: 265.6
votes: 3
Location: Ontario

PostPosted: Fri Apr 20, 2018 1:46 pm    Post subject: Reply with quote

Wynne Liberals continue to dodge questions on secret backroom deal at Hydro One

Published on April 20, 2018

Yesterday, Kathleen Wynne and the Liberals dodged pointed questions on Hydro One’s secret backroom deals which increased the severance package for the CEO:


•In total, Kathleen Wynne and the Liberals dodged 14 questions from the Ontario PCs on the secret backroom deal.


•Kathleen Wynne passed the first few questions to the Minister of Energy, and then left Question Period early to avoid even more questions.


•In a difficult scrum, Glenn Thibeault refused to answer pointed questions about what he knew and when he knew it.


•Ontario PC Leader Doug Ford wrote a letter to Kathleen Wynne asking for answers and to this point has not received a response.


“What are Kathleen Wynne and the Liberals hiding? Why won’t they answer these straight-forward questions,” said Ontario PC Energy Critic Todd Smith.

“While Ontario families are struggling - being forced to choose between heating and eating - the CEO of Hydro One is raking in $6 million a year. Even that wasn’t enough for him. Behind closed doors, the board of Hydro One voted to let him hold Ontario taxpayers hostage for $10 million in severance,” added Smith.

“Time after time, Kathleen Wynne assured the people we would maintain control of the board, and Ontario still owns 47 per cent. Kathleen Wynne and the Liberals need to come clean today. What did they know, and when did they know it?” concluded Smith.

Questions from Ontario PC Leader Doug Ford to Premier Kathleen Wynne and Glenn Thibeault?

•Did the Liberal government give Hydro One direction to change the severance packages?


•When did you first learn about the changes to the severance packages for the executives at Hydro One?


•When you first learned about these changes what action did you take to ensure the interests of the people of Ontario were represented?


•Will you use Ontario’s leverage as the single largest shareholder at 47 per cent to change these severance packages?


•Do you believe the Board of Hydro One should resign?



https://www.ontariopc.ca/wynne_liberals_continue_to_dodge_questions_on_secret_backroom_deal_at_hydro_one
Post new topic   Reply to topic Page 2 of 2

Goto page Previous  1, 2  


 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You cannot download files in this forum


Hydro One CEO's gets a nice raise in 2017

phpBBCopyright 2001, 2005 phpBB