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RCO





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Location: Ontario

PostPosted: Thu Mar 29, 2018 5:53 pm    Post subject: Hydro One CEO's gets a nice raise in 2017 Reply with quote

( unbelievable story from hydro one , the man at the top is making $6 million well average people can't even pay there hydro bills , truly sickening )


Hydro One CEO's $6.2M salary outrageous, PCs say


Antonella Artuso



Published:
March 29, 2018


Updated:
March 29, 2018 5:30 PM EDT


Filed Under:

Toronto SUN ›
News ›
Ontario ›


The head of Hydro One was paid almost $6.2 million last year – as much as 10 times what comparable electricity executives in the country earn, Progressive Conservative finance critic Vic Fedeli says.

“(PC Leader Doug Ford) is livid over this,” Fedeli said Thursday. “And he said we will rein in executive compensation. Period.”

Hydro One President and CEO Mayo Schmidt’s take home package grew by $1.7 million in just one year, from $4.5 million in 2016.

“This will raise your hydro rates,” Fedeli said. “Last year, Hydro One applied for a rate increase citing higher executive compensation. They asked Ontario to raise hydro rates to pay for their raises last year. What’s going to stop them from doing that this year and now that it’s wildly exorbitant?”

People holding similar positions in Canada – including the head of Hydro Quebec who is also responsible for electricity generation – can make in the ballpark of half a million dollars a year, Fedeli said.

Former Ontario PC interim leader Vic Fedelli (left) stands with recently elected Party Leader Doug Ford while taking questions from journalists during a pre-budget lock-up, as the Ontario Provincial Government prepares to deliver its 2018 Budget at the Queens Park Legislature in Toronto, on Wednesday, March 28, 2018. (Chris Young/The Canadian Press)

The Kathleen Wynne government sold off a portion of Hydro One and relieved the utility from the obligation of reporting its six-figure salaries through the annual Sunshine List, but did remain the largest single shareholder.

Top executive compensation was included in an Annual Information Form filed by Hydro One Thursday.

“The government would have blessed this; certainly they’re not doing anything about it,” Fedeli said, of what he called an “outrageous” salary.

Energy Minister Glenn Thibeault issued a statement in response to the executive compensation disclosure, noting that 80% of the funds are paid out only if “aggressive” performance targets are met, including more affordable bills for customers.

“We recognize that executive salaries are high compared to the vast majority of Ontario salaries, and we remain committed to Hydro One’s regulation, accountability and transparency,” Thibeault said.

“That said, Hydro One is now a publicly traded company, not a government entity, and this means it is subject to different oversight and disclosure rules. We remain confident in the role of the independent Ontario Energy Board, to regulate Hydro One’s rates and protect the interests of Ontarians.”

A Hydro One office is pictured in Mississauga.

One example offered of executive commitment to customer service is the monopoly distribution company was the first utility in the province to voluntarily ban winter disconnections.

Company brass also announced they had delivered $114 million in productivity savings which ultimately reduce the cost to customers.

aartuso@postmedia.com

Hydro One Executive Compensation for 2017

President and CEO Mayo Schmidt: $6,189,722

Former CFO Michael Vels: $1,181,238

SVP, acting CFO Chris Lopez: $752,925

COO Gregory Kiraly: $2,165,558

EVP Ferio Pugliese: $2,002,816

EVP James Scarlett: $1,916,314


http://torontosun.com/news/pro.....us-pcs-say
RCO





Joined: 02 Mar 2009
Posts: 7993
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Location: Ontario

PostPosted: Fri Mar 30, 2018 12:52 pm    Post subject: Reply with quote

Chief executive officer Mayo Schmidt is Hydro One’s $6 million man


It was a good year to be the boss at Hydro One as the chief executive got a $1.7 million raise to $6.2 million in total compensation



Hydro One Chief Executive Officer Mayo Schmidt earns $20,808 a week in base salary.

Hydro One Chief Executive Officer Mayo Schmidt earns $20,808 a week in base salary. (Bloomberg / GETTY IMAGES file photo)




By Rob FergusonQueen's Park Bureau

Fri., March 30, 2018



It was a good year to be the boss at Hydro One.

Chief executive officer Mayo Schmidt got a $1.7-million raise, lifting his total compensation for 2017 to $6.2 million at the former Crown corporation partially privatized by Premier Kathleen Wynne’s Liberal government two years ago.

With the June 7 provincial election just 10 weeks away, opposition parties jumped on the issue Thursday as Hydro One released compensation details for its top five executive just hours before the Easter long weekend began.


“All that is while families still have to stay at home and choose whether to heat or eat because of their hydro rates,” said Progressive Conservative MPP Vic Fedeli. “Our message from Doug Ford and the PC party is that relief is on the way.”



Schmidt’s package including almost $1.1 million in base salary — which works out to $20,808 a week — plus $3.5 million in shares, and $1.45 million in incentive pay.

NDP Leader Andrea Horwath called the massive raise “a slap in the face to the hard-working Ontario families being gouged on their hydro bills” and blamed the sale of about half the province’s shares in Hydro One.

“The CEO’s $6.2-million paycheque is over eight times what the CEO made when Hydro One was owned by the people of Ontario — part of more than $14 million just the top five executives take home.”

Energy Minister Glenn Thibeault acknowledged the pay levels have become a lightning rod, but said 80 per cent of the compensation is granted “only if aggressive performance targets are met” and noted $114 million in “productivity savings” to mitigate hydro bills have been found since privatization two years ago.

“We recognize that executive salaries are high compared to the vast majority of Ontario salaries, and we remain committed to Hydro One’s regulation, accountability and transparency,” Thibeault said in a statement.

“That said, Hydro One is now a publicly traded company, not a government entity, and this means it is subject to different oversight and disclosure rules. We remain confident in the role of the independent Ontario Energy Board, to regulate Hydro One’s rates and protect the interests of Ontarians.”

Hydro One, which had almost $6 billion in revenues last year, said its executive salaries account for seven cents on a customer’s monthly bill, as was the case before privatization, and less than two cents of that is for Schmidt.

Opposition parties are trying to keep concerns about hydro bills alive after the government — facing a public outcry about skyrocketing electricity costs, particularly in rural areas — cut residential rates 25 per cent a year ago by borrowing billions to amortize the costs of system improvements over a longer period of time.

The outcry over Hydro One follows the release of last week’s “sunshine list” of public sector workers earning more than $100,000. It was led by Ontario Power Generation chief executive Jeffrey Lyash, at $1.55 million.


https://www.thestar.com/news/queenspark/2018/03/29/chief-executive-officer-mayo-schmidt-is-hydro-ones-6-million-man.html
RCO





Joined: 02 Mar 2009
Posts: 7993
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Location: Ontario

PostPosted: Thu Apr 12, 2018 10:09 am    Post subject: Reply with quote

( ford has made one of his first policy announcements , to fire the hydro 1 CEO and its entire board )


Doug Ford Makes Commitment to Fire Hydro One’s $6-Million Man

Published on April 12, 2018

Today, Ontario PC Leader Doug Ford announced his intention to fire the current CEO, as well as the entire Board, of Hydro One, and put an end to the Liberal practice of making millionaires on the backs of taxpayers, should the Ontario PCs form government after June 7.

"It is morally indefensible, at a time when seniors are fearful of heating their own homes, when businesses are closing down and good jobs are moving out of our province, and when taxpayers are facing financial hardships - all due to skyrocketing hydro bills - that this Board and this CEO are laughing themselves to the bank," said Ford.

Ford’s announcement came shortly after the release of a Fraser Institute collection of research essays confirming how the Wynne Liberal hydro mess has had a devastating impact on families and jobs including:

•Residential electricity costs increased 71 per cent between 2008 and 2016, more than double the national average increase of 34 per cent.
•In 2016, Toronto residents paid, on average, $60 more a month for electricity than the average Canadian.
•Large industrial users in Toronto saw electricity prices jump 46 per cent between 2010 and 2016, while the average increase in electricity costs for the rest of Canada was only 14 percent for large industrial users.
•Ontario’s high electricity prices reduced employment in manufacturing by some 75,000 jobs between 2008 and 2015.

Despite presiding over this unprecedented rip-off, the CEO of Hydro One was handsomely rewarded with a $4.5 million salary, and $1.7 million performance raise in 2017, and now earns a total of $6.2 million a year.

“When families and seniors in Ontario are forced to choose between heating and eating, we have Liberal insiders and their friends getting rich on the backs of those struggling to make ends meet,” Ford continued. “This has got to stop.”

Under the Liberals’ watch, since 2003, Ontario residents have seen their hydro bills triple, adding up to more than $1,000 a year for the average Ontario family.

“If the PCs are elected on June 7, and upon becoming Premier, my first act will be to use every tool available to the Government of Ontario remove Kathleen Wynne’s $6 Million dollar man and the entire Board of Hydro One, and restore accountability and trust for the people of Ontario,” concluded Ford.


https://www.ontariopc.ca/doug_ford_makes_commitment_to_fire_hydro_one_s_6_million_man
Toronto Centre





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PostPosted: Thu Apr 12, 2018 11:57 am    Post subject: Reply with 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.
RCO





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Location: Ontario

PostPosted: Thu Apr 12, 2018 12:55 pm    Post subject: Reply with quote

Toronto Centre wrote:
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.


I'd love to see wynne and the liberals spend the election defending these outrageous salaries


the fact people at hydro one are getting rich well the average person can't pay there hydro bill is truly sickening


I recalling reading that the Ontario government can fire the CEO and board members , they are a 40% share owner and normally they could not but I recall reading they maintained a certain amount of control over hydro one and can still do things like this


the idea is not as crazy as the media is trying to make it out to be , could very easily be done

another possibility if they refused to leave , the Ontario government could punish hydro one other ways until they left , such as raising its tax rate or eliminating it from government contracts and business
Toronto Centre





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PostPosted: Thu Apr 12, 2018 1:30 pm    Post subject: Reply with quote

RCO wrote:


I'd love to see wynne and the liberals spend the election defending these outrageous salaries

You would? Ok.
Quote:


the fact people at hydro one are getting rich well the average person can't pay there hydro bill is truly sickening

Of course the avg person CAN pay their bill, so no idea what you are getting at.
Quote:


the idea is not as crazy as the media is trying to make it out to be , could very easily be done


Its a partially PRIVATE company.

Did that slip your mind ? They cant, they are no longer a majority shareholder.
Quote:

another possibility if they refused to leave , the Ontario government could punish hydro one other ways until they left , such as raising its tax rate or eliminating it from government contracts and business

Is this ^ from Mad Magazine ? LOL.


You didnt even want to talk about how Ford has his figures wrong? No? Ok.

Did you know elec rates , Feb 2017 to Feb 2018 were down 18.7 % (CPI )

We all want lower rates, but for gawds sake, can Ford say something that can be construed as the truth ?
Perhaps next speech..." I will personally fix potholes in front of your house"

Woot !
RCO





Joined: 02 Mar 2009
Posts: 7993
Reputation: 270.9
votes: 3
Location: Ontario

PostPosted: Thu Apr 12, 2018 4:54 pm    Post subject: Reply with quote

( the media is flipping out over this plan and now criticising it cause it could cost $10 in severance for the CEO , honestly I think it would be $10 million well spent if that's what it takes to get rid of these rotten apples running that company )


April 12, 2018 11:39 am Updated: April 12, 2018 4:55 pm

Doug Ford’s plan to fire Hydro One CEO would cost at least $10.7M


By Shawn Jeffords The Canadian Press



If elected premier of Ontario in the spring election, Doug Ford says his first act will be to fire the CEO of Hydro One and its board of directors, whom he blames for the rising electricity costs in the province.



Hydro One CEO Mayo Schmidt, who earned a $6.2-million salary last year, would be entitled to at least $10.7 million in severance if he were to be removed from his job by the board of directors, according to the company’s annual shareholders report released on March 29.

The severance amount is an estimate based on the assumption Schmidt’s departure occurred on Dec. 31, 2017, which means if the CEO left after that date, the figure would likely be higher.


Ford, a former Toronto city councillor who became leader of Ontario’s opposition Progressive Conservatives last month, vowed Thursday to get rid of the Hydro One leadership as soon as he becomes premier.

“You can take this to the bank, the CEO’s gone and this board is gone,” he told a news conference in Toronto. “When we’re in government, we’re going to put an end to the hydro executives getting rich off the taxpayers of this great province.”

The populist politician’s anti-elitist message resonates with many voters, especially in rural Ontario, who are angry at the Liberal government about the skyrocketing price of hydro.



Play Video

“We need to start respecting the taxpayers,” Ford said. “We need to start putting money back into their pocket.”


Shortly after Ford’s remarks, Tory energy critic Todd Smith acknowledged that the Ontario government does not have the direct ability to dismiss the Hydro One CEO.

The government has put a process in place that allows it to control or replace the company’s board of directors, and only the board can fire the CEO.

Hydro One was partially privatized in November 2015, with the province saying it planned to use the sale of shares to fund transit and infrastructure projects. By December 2017, the province had sold off 53 per cent of its stake in the company.

The decision has come under a lot of criticism, including from the province’s fiscal watchdog, who said earlier this year that taxpayers would have saved $1.8 billion if the government had taken on traditional debt to fund infrastructure projects instead of partially privatizing Hydro One, which has over $25 billion in assets and annual revenues of nearly $6 billion.

Hydro One, which is Ontario’s largest electricity transmission and distribution provider, said Thursday that it will not engage in politics. However, it said its customers “deserve” to know the facts.

“We have heard the feedback from our customers and the regulator about executive compensation,” the company said in a statement. “That’s why we decided earlier this year that customers will only pay for the CEO’s salary as it was at the time of the IPO.”

Hydro One customers pay only two cents on their monthly bill for the CEO’s compensation, the company said, adding that nearly 80 per cent of the total executive compensation package is paid for by shareholders.

Energy Minister Glenn Thibeault said Ford’s plan will do nothing to address the actual issue of keeping hydro rates low, comparing his statement Thursday to the rhetoric and actions of U.S. President Donald Trump.

“The only plan we’ve heard from Doug Ford so far is firing people and laying off people,” Thibeault said. “What I’m seeing a very strong prevalence to is the person running the White House. He’s been doing a lot of firing as well and that’s not been working out so well for them.”

Ontario’s election is set for June 7.


https://globalnews.ca/news/4140016/ontario-pc-leader-doug-ford-hydro-one/
RCO





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PostPosted: Thu Apr 12, 2018 4:56 pm    Post subject: Reply with quote

Toronto Centre wrote:
RCO wrote:


I'd love to see wynne and the liberals spend the election defending these outrageous salaries

You would? Ok.
Quote:


the fact people at hydro one are getting rich well the average person can't pay there hydro bill is truly sickening

Of course the avg person CAN pay their bill, so no idea what you are getting at.
Quote:


the idea is not as crazy as the media is trying to make it out to be , could very easily be done


Its a partially PRIVATE company.

Did that slip your mind ? They cant, they are no longer a majority shareholder.
Quote:

another possibility if they refused to leave , the Ontario government could punish hydro one other ways until they left , such as raising its tax rate or eliminating it from government contracts and business

Is this ^ from Mad Magazine ? LOL.


You didnt even want to talk about how Ford has his figures wrong? No? Ok.

Did you know elec rates , Feb 2017 to Feb 2018 were down 18.7 % (CPI )

We all want lower rates, but for gawds sake, can Ford say something that can be construed as the truth ?
Perhaps next speech..." I will personally fix potholes in front of your house"

Woot !



there is a process in place that allows for the government to appoint the board of directors who are able to fire the CEO , true ford cannot just fire him but there is a process in place that would allow for it eventually


you clearly have no clue as to the reality facing many Ontario residents , where the hydro bills are a constant concern and difficult for many to pay
Toronto Centre





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PostPosted: Thu Apr 12, 2018 7:17 pm    Post subject: Reply with quote

RCO wrote:

there is a process in place that allows for the government to appoint the board of directors who are able to fire the CEO , true ford cannot just fire him but there is a process in place that would allow for it eventually

Oh...so this..." is not as crazy as the media is trying to make it out to be , could very easily be done"...isnt true at all? Ok thanks (pssst..I knew that)

But lets look at this a bit shall we? Whats to say new members (and its hard for Dog Ford to get them to follow) suggest the pay is not that far out of line. What if they say $4M is worthy ? Now what?

But the salient part is Dog knows and is being typical Dog, like back in his City of TO days spouting nonsense all day everyday.

Or....more likely

He hasnt got a clue what he dcould or could not do. LOL! such a doofus.
Quote:

you clearly have no clue as to the reality facing many Ontario residents , where the hydro bills are a constant concern and difficult for many to pay


Such a glib non-specific answer, and of course expected from you.

I clearly have more clue than you do about the reality of the situation. Sadly you rely on hyperbole and emotion to drive your point.

Whats many ? 10? 100? 10,000?

Were they cut off over winter? No? Oh ok..phew.

Were the poor left holding the bag? No? Oh they utilized the Ont Elec Support Program? Good good....

Did they also take advantage of the LEAP program? Oh they did and the bill got paid? Wonderful news.


Since it would seem emotion , not facts, drives your agenda , I am not fond of following along like your toady .

Are hydro bills excessive? For some yes. No denying that. But most people pay them. Good to hear the cost is down 17+% this year. Right?

Bring better ammo next time, not a knife to a gun fight.
RCO





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PostPosted: Thu Apr 12, 2018 8:51 pm    Post subject: Reply with quote

( wynne herself is quoted as saying the government retains the right to appoint or remove members of the hydro one board and can remove the CEO , so I'm not sure why the liberals and media are suddenly saying this cannot be done ? or wynne lied to the legislature when they were selling the hydro one shares to make the sale sound better , which is it ? )



Brian Lilley‏Verified account @brianlilley · 8h8 hours ago


"We retain control of the removal of the board, the removal of the CEO," said by @Kathleen_Wynne in the legislature on October 20, 2015 while debate the sale of Hydro One. So @fordnation can do this if elected. #onpoli
RCO





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PostPosted: Thu Apr 12, 2018 9:34 pm    Post subject: Reply with quote

( there is no other Hydro related CEO in Canada making $6 million a year , this is a purely crazy salary and they knew wynne and liberals would do nothing about it so why not pay themselves whatever they wanted and get rich off the suffering hydro poor people of Ontario )


Fact-Checking Glenn Thibeault’s Tap Dance of a Scrum on Hydro One Compensation

Published on April 12, 2018

When pressed on the CEO of Hydro One’s salary compared to other provinces, Glenn Thibeault said: “We also have a province of 13 million people here in Ontario, and when you are looking at the salaries of comparable businesses he’s actually in the middle of the pack.”

FACT: Ontario may have more people than Quebec, but Hydro-Quebec services more customers than Hydro One. Hydro-Quebec handles electricity generation for the province, and Hydro One does not. Quebec has lower rates than Ontario.

The CEO at Hydro-Quebec is paid $543,559, and the CEO of Hydro One makes $6.2 million


When pressed on whether it’s possible to fire the CEO and board of Hydro One, Glenn Thibeault said: “That’s something you’d have to ask Mr. Ford.”

FACT: Glenn Thibeault is the Minister of Energy and should be able to answer these types of questions. If Thibeault was on top of his file, he would have been able to answer yes. The governance agreement between Hydro One and Ontario clearly outlines that the province is able to remove the entire board.

Glenn Thibeault could also ask Kathleen Wynne who has stood up on multiple occasions in the House to ensure the people of Ontario that we would have the power to remove the CEO.


Glenn Thibeault said: “They have no ideas or no mechanisms to bring actual savings,” and “he [Doug Ford] does not have a plan when it comes to electricity policy.”

FACT: Aside from firing the CEO of Hydro One and reining in executive compensation, Doug Ford and the Ontario PCs will scrap the Green Energy Act, which Ontarians overpaid $9.2 billion for contracts that were awarded to Liberal donors.

Doug Ford and the Ontario PCs will put a moratorium on future energy contracts. Ontario currently has a surplus of power that we ship to competing states like Michigan, Pennsylvania, and Ohio at a loss.

Doug Ford and the Ontario PCs will go line by line through every energy contract and look for exit clauses.


Glenn Thibeault said: “We’ve taken 25 per cent off everyone’s bills.”

FACT: Since the Liberals first took office in 2003, hydro bills have tripled. This costs the average family more than $1,000 extra a year. With the Liberals’ “Unfair” Hydro Plan rates will skyrocket again after the next election.


Glenn Thibeault said: “Ultimately the board is there to make the best decisions for Hydro One.”

FACT: That’s the point. Since Kathleen Wynne’s fire sale of Hydro One, decisions have been made to suit the best interests of insiders and Bay Street executives - not the people of Ontario.


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





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PostPosted: Fri Apr 13, 2018 11:45 am    Post subject: Reply with quote

The CEO's job is to boost share price.

Correct?

He did that.

His contract is tied to boosting the share price. Thus the big payout.

His remuneration is not out of line (per se) but the optics suck so thats what sticks.

To the low hanging fruit folks, it doesnt matter since they have no idea how this works anyway. They might save $4M...great, give every man woman and child $0.33 back

Woot !
RCO





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PostPosted: Fri Apr 13, 2018 12:58 pm    Post subject: Reply with quote

Toronto Centre wrote:
The CEO's job is to boost share price.

Correct?

He did that.

His contract is tied to boosting the share price. Thus the big payout.

His remuneration is not out of line (per se) but the optics suck so thats what sticks.

To the low hanging fruit folks, it doesnt matter since they have no idea how this works anyway. They might save $4M...great, give every man woman and child $0.33 back

Woot !



but that's whats wrong with Hydro one as a private corporation , its main goal is its share price

its not concerned about the average person who is struggling to pay the bills , there only concern is how much $ can they get out of every hydro customer across the province so they can make higher profits and then get a better share price

cause they made so much money


a hydro company owned or partially owned by the province should not be so concerned about making a profit and share price

it should of been more concerned about the average consumers who had been saying for years the bills were too high

and come up with a plan to reduce rates not a plan to reward its executives and increase its share price
Toronto Centre





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PostPosted: Fri Apr 13, 2018 1:55 pm    Post subject: Reply with quote

RCO wrote:



but that's whats wrong with Hydro one as a private corporation , its main goal is its share price
Ok. Wrong?
So the same as every bank, car company, shoe mfr'er and so on? Got it.

Are you upset with CIBC, TD,BNS, Rogers, Bell, Telus,Imperial Oil, Petrocan? I dont recall you being upset about any of those, but I could be wrong.
Quote:

its not concerned about the average person who is struggling to pay the bills , there only concern is how much $ can they get out of every hydro customer across the province so they can make higher profits and then get a better share price

So LEAP and other programs they have for low income earners means.....well it means your assertion that " there <sic>only concern" is false . You didnt read the other post where this was spelled out did you?
Quote:

a hydro company owned or partially owned by the province should not be so concerned about making a profit and share price

False and you know it.
An 'owned' by the province company yes, within reason, but a privately owned or majority private owned company should seek profit

I didnt take you for an outright socialist.

Quote:

it should of <sic> been more concerned about the average consumers who had been saying for years the bills were too high

They did. Bills dropped 17+% as you know from yesterday but forgot .
Quote:

and come up with a plan to reduce rates not a plan to reward its executives and increase its share price

Truly one does not beget the other.

We need lower prices or some sort or more relief, But doing this guy in does......nothing.
RCO





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Location: Ontario

PostPosted: Fri Apr 13, 2018 2:20 pm    Post subject: Reply with quote

Toronto Centre wrote:
RCO wrote:



but that's whats wrong with Hydro one as a private corporation , its main goal is its share price
Ok. Wrong?
So the same as every bank, car company, shoe mfr'er and so on? Got it.

Are you upset with CIBC, TD,BNS, Rogers, Bell, Telus,Imperial Oil, Petrocan? I dont recall you being upset about any of those, but I could be wrong.
Quote:

its not concerned about the average person who is struggling to pay the bills , there only concern is how much $ can they get out of every hydro customer across the province so they can make higher profits and then get a better share price

So LEAP and other programs they have for low income earners means.....well it means your assertion that " there <sic>only concern" is false . You didnt read the other post where this was spelled out did you?
Quote:

a hydro company owned or partially owned by the province should not be so concerned about making a profit and share price

False and you know it.
An 'owned' by the province company yes, within reason, but a privately owned or majority private owned company should seek profit

I didnt take you for an outright socialist.

Quote:

it should of <sic> been more concerned about the average consumers who had been saying for years the bills were too high

They did. Bills dropped 17+% as you know from yesterday but forgot .
Quote:

and come up with a plan to reduce rates not a plan to reward its executives and increase its share price

Truly one does not beget the other.

We need lower prices or some sort or more relief, But doing this guy in does......nothing.



yes I'm upset with the big banks , if you remember my post from last year I questioned why so many small town branches were being closed suddenly , for little or no reason other than the banks wanted more profit

and its gotten worse since that time , more branches have closed locally the only bank in Burk's falls Ontario ( royal bank ) closed leaving the town without a single bank , how does that possibly benefit the people who live there ? and its not like that bank is losing money $ billions in profits every year , they could of afforded to keep it open

the TD in downtown Huntsville also closed and moved branch to the one by wal mart , although there leaving a TD bank machine downtown in its old location


hydro one is a unique situation as it was originally a public company , wynne is the one who suddenly decided to sell it and for dumb reasons , a short term gain so she could go on a spending spree

the hydro situation is one of the most common complains in my area , the mpp has said many times its something that always comes up and people always have a problem with there bills

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

true maybe hydro one is a success by business standards but according to many average people its a problem and something they have been struggling with for years
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Hydro One CEO's gets a nice raise in 2017

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