Tuesday, May 15, 2018


   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, CBC News has learned.
The document shows the board approved the following compensation increases (effective since Jan. 1, 2018)
     $70,000 raise for the chair of the board (to $330,000).
     $25,000 raise for regular board members (to $185,000).
     $5,000 raise for directors who chair the audit and human resources committees (to $25,000 above their board compensation).
    The board of Hydro One is already under fire for sweetening the severance pay of its top executives. CEO Mayo Schmidt would receive at least $10.7 million if he is fired in the wake of either government intervention with the company or a government move to replace the board.

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