"The board members of Ontario power utility Hydro One voted to boost compensation for their own part-time jobs to $185,000 a year, at a time when the company's share price was falling. The board of Hydro One is already under fire for sweetening the severance pay of its top executives."Liberal Premier Kathleen Wynne appointed all the current directors, who meet once a month, in 2015.
The document shows the board approved the following compensation increases:So that's $15,400 taxpayer dollars per day for a regular board member. And $27,500 for the Chairman.
$70,000 raise for the chair of the board (to $330,000).
$25,000 raise for regular board members (to $185,000).
Nice job if you can
**********
RELATED: Ask a Conservative
“They have the nerve to increase their compensation,” PC Leader Doug Ford said. “A part-time job — they were making $160,000 – they gave themselves a pay increase up to $185,000. Who does that?”
A statement from Hydro One’s directors says their compensation had been far below that of peers.
