Former B.C. Hydro CEO earns half a million without working a single day
VANCOUVER -
Former B.C. Hydro president and chief executive officer Jessica McDonald received a total of $541,615 in compensation during the 2017-2018 fiscal year without having worked a single day for the Crown corporation.
She earned this money under a compensation package after the in-coming New Democratic government of John Horgan fired her. The previous B.C. Liberal government named her president and CEO of B.C. Hydro in 2014, and McDonald was a strong supporter of the controversial Site C dam project now going ahead following a review.
The current New Democratic government placed her on what financial disclosure documents call “salary continuance” effective July 21, 2017 — the day the government announced her departure.
According to financial disclosure statements, McDonald remained on “salary continuance” until Sept. 21 of this year. During this period, she earned $272,659, a figure that includes benefits, pension and other compensation.
McDonald — who used to be the deputy minister to former premier Gordon Campbell — is now working for Canada Post, which appointed her as interim president and chief executive officer in March.
She started in her new role on April 2, 2018, and now finds herself in the middle of managing a postal carrier strike.
Related News
B.C. Streamlines Regulatory Process for Clean Energy Projects
VANCOUVER - In a decisive move to bolster clean energy initiatives, the government of British Columbia (B.C.) has announced plans to overhaul the regulatory framework governing renewable energy projects. This initiative aims to expedite the development of wind, solar, and other renewable energy sources, positioning B.C. as a leader in sustainable energy production.
Transitioning Regulatory Authority to the BC Energy Regulator (BCER)
Central to this strategy is the proposed legislation, set to be introduced in spring 2025, which will transfer the permitting and regulatory oversight of renewable energy projects from multiple agencies to the BC Energy Regulator (BCER). This transition…
