Hydro chief's 3 million dollar payout defended
TORONTO, ONTARIO - Hydro One chair Rita Burak says the government-owned utility had no choice but to pay former CEO Tom Parkinson $3 million in severance.
Burak told a legislative committee there were no legal grounds to fire Parkinson, even though he billed personal expenses on his secretary's corporate credit card.
She said the Hydro One board and Parkinson agreed he had to go after an Auditor General's report on his expenses, and the severance meant he would resign immediately.
Burak also defended the board's decision not to resign after the scathing Auditor General's report.
The Liberal government came under heavy fire from the opposition parties in December over Parkinson's $1.6 million annual compensation and $3 million in severance.
Energy Minister Dwight Duncan has since announced a review of executive salaries at Hydro One, Ontario Power Generation and other provincial energy agencies.
Duncan said the government thinks the salaries should be more in line with the public service nature of energy utilities rather than competing with CEOs on Bay Street.
Related News
'Pakistan benefits from nuclear technology'
LAHORE - Pakistan is utilising its nuclear technology to achieve its full potential by generating electricity and attaining socio-economic development goals outlined by the United Nations Sustainable Development Goals.
This was stated by Pakistan Atomic Energy Commission (PAEC) Chairperson Muhammad Naeem on Tuesday while addressing the 64th International Atomic Energy Agency (IAEA) General Conference (GC) which is being held in Vienna from September 21.
Regarding nuclear security, the PAEC chief stated that Pakistan considered it as a national responsibility and that it has developed a comprehensive and stringent safety and security regime which is regularly reviewed and upgraded in accordance with IAEA's…
