Thursday, April 18, 2024

Hydro One to review executive pay at government’s request

First Published:

Hydro One will review executive compensation at the urging of the Ontario Liberal government.

Energy Minister Glenn Thibeault issued a statement Monday evening, announcing the review.

The move comes weeks after PC leader Doug Ford promised to fire Hydro One CEO Mayo Schmidt and the board of directors if elected premier.

Ford blasted the utility for Schmidt’s $6.2 million salary in 2017.

According to the company’s annual shareholders report, Schmidt would be entitled to at least $10 million in severance if he were to be removed from the post.

 

 

More Top News

Hamilton city council votes in favour of LRT being privately operated

Hamilton city council's long-awaited decision on the public versus private operation of the LRT has finally been determined. After years of discussion and delay, this...

Forensic detective describes what he found at scene of Stoney Creek murder

It was another day of intense testimony at the Oliver Karafa and Lucy Li murder trial, as a forensic detective walked the court through...

Evening weather forecast for April 17, 2024

Steve Ruddick shares the forecast for April 17, 2024 and the days ahead.

Speed enforcement camera in Vineland vandalized again

A speed enforcement camera unit was vandalized in Lincoln again Tuesday night, shortly after crews finished repairing it from a previous act of vandalism. The...

Newsmakers: Queen’s Park Observer’s Sabrina Nanji

VIDEO: On this episode of Newsmakers, host Louie Butko was joined by founder of the Queen's Park Observer Sabrina Nanji to recap a busy...

Sportsline: RBC Canadian Open tournament director Bryan Crawford

VIDEO: RBC Canadian Open tournament director Bryan Crawford joined host Bubba O'Neil on this Sportsline Podcast. In addition to an accomplished CFL career, the Hamiltonian...