Ford gets rid of Hydro1 ceo with little severance fires whole board
- Thread starter happ
- Start date
This I agree withYou cannot get a CEO of a major corporation for significantly less, unless you want to employ some incompetent hack and prove yourself to be penny-wise but pound foolish.
The province should sell the rest otherwise hydro one may become a severely discounted investment for all if govt intervention is an issue
Haha I would have expected you to take this opportunity to prove me wrong...but clearly you can’t and revert to that ol’leftist stand-by...name calling.Thanks for proving you're an idiot.
Yeah...I thought so.
Now go find your crayons and leave the grown-ups to discuss real issues.
its pretty obvious you're talking out your ass in 'smallcock like bubbles'.Haha I would have expected you to take this opportunity to prove me wrong...but clearly you can’t and revert to that ol’leftist stand-by...name calling.
Yeah...I thought so.
Now go find your crayons and leave the grown-ups to discuss real issues.
But sure, why don't you try to prove that I predicted 'the world would end' if Trump was elected.
Just give me a few minutes to put on some popcorn.
When you fail, shall we both agree you're an idiot?
Here I was thinking you were bright enough to recognize sarcasm.Could it be that you are finally seeing the light?
I really should have known better.
Everything you post about Trump and Ford predicts something really bad will happen.its pretty obvious you're talking out your ass in 'smallcock like bubbles'.
But sure, why don't you try to prove that I predicted 'the world would end' if Trump was elected.
Just give me a few minutes to put on some popcorn.
When you fail, shall we both agree you're an idiot?
You find a biased article, you add a thread title, and add in a comment as to how bad something will turn out.
i.e. Russian collusion, immigration, etc, etc.
All you do is parrot the biased source and pawn it off as "insight".
Thanks for confirming my statement about your views in post #101.Everything you post about Trump and Ford predicts something really bad will happen.
And thanks for confirming that you're just making up claims you can't back.
With Trump we were right... no, actually he is worse than we predicted. If you still can't see it you are an idiot. Ford is just getting started with his debacle so we'll have to wait for the disasters to unfold.Everything you post about Trump and Ford predicts something really bad will happen.
You find a biased article, you add a thread title, and add in a comment as to how bad something will turn out.
i.e. Russian collusion, immigration, etc, etc.
All you do is parrot the biased source and pawn it off as "insight".
For this to have any application, you have to be an employee. A CEO is an employee. A Board member is not."Constructive dismissal" - An employee resigns - or other contracted service provider. But the resignation is forced and the employee, etc has no realistic alternative.
For instance, Jim is head of sales for Widget Co. He has 10 people working under him. Widget Co is sold and the new owner wants his own guy in Jim's position. So he tells Jim that he is still "head of sales", but at a 90% pay cut and now Jim reports to Ed, who is 22 years old and just out of university and is the most junior salesman. Ed is told by Widget Co to humiliate Jim repeatedly in front of the other sales personnel and mock him. Jim resigns.
The judges says it was a forced resignation and gives Jim a lot of $.
Whether a board member could sue for wrongful dismissal or not is moot. Anybody can sue, it's whether they have a case that would prevail. In THIS case, it's pretty easy to read between the lines and conclude that the board members each received some sort of package (eg: paid out until the end of their board term, or something like that). Why do I conclude this? By the complete lack of comment from any of the board members. This implies that they have received a package and signed an NDA. You see, it's not often that "wrongful dismissal" cases end up in court - the majority are settled well before it gets to that stage. And for Ford, silence on this is golden (worth the cost). Remember, his reasoning for firing the CEO and the board was strictly because of compensation - which is really missing the forest for the trees and stupid reasoning when he could have raised other potentially legitimate issues after assuming power. But these days, pandering to the lowest common denominator has never hurt.
Now pay attention to the details of who Ford chooses to fill the vacancies, in particular how compensation is spelled out. Unless he's planning on hiring his nephew, Mike Harris Jr, David Price, or some know nothing hack like Kory Teneycke, he won't get get any competent leaders at significantly less than he just let go.
Now pay attention to the details of who Ford chooses to fill the vacancies, in particular how compensation is spelled out. Unless he's planning on hiring his nephew, Mike Harris Jr, David Price, or some know nothing hack like Kory Teneycke, he won't get get any competent leaders at significantly less than he just let go.
Look stuoidHere I was thinking you were bright enough to recognize sarcasm.
I really should have known better.
You cant do simple math
It is very doubtful you finished high school.
You try to pass yourself off as knowledgeable on a myriad of subjects which you really do not understand
You have been wrong more times than one can recall
You start with a conclusion & you are about a biased as one can be &
you have been brainwashed by union hall 101 graduates who have to drop their pants in order to count to eleven
It is time you realized you are just not very smart
Do not ever think you are brighter than others.
Ford will not pick the new CEO, that will be done by the new board membersNow pay attention to the details of who Ford chooses to fill the vacancies, in particular how compensation is spelled out. Unless he's planning on hiring his nephew, Mike Harris Jr, David Price, or some know nothing hack like Kory Teneycke, he won't get get any competent leaders at significantly less than he just let go.
The guidelines for the compensation will be more restrictive
There are two sides to this coin
Hydro one is a big organization & managing such a big organization will take some very unique skills
Given it is a monopoly, it would take an idiot to really screw it up
The other consideration is the other investors who will want a competent leader who can grow the business & deliver a growing return
CEO comp is not a huge consideration for investors if the dividends increase at a good clip
Can such a leader be found for less than $ 6 MM ?
Yes, however it is a competitive market for top notch leaders & such leaders will be wary of future govt intervention
Ford should sell the rest of this company
Well, that sure pissed you off.Look stuoid
You cant do simple math
It is very doubtful you finished high school.
You try to pass yourself off as knowledgeable on a myriad of subjects which you really do not understand
You have been wrong more times than one can recall
You start with a conclusion & you are about a biased as one can be &
you have been brainwashed by union hall 101 graduates who have to drop their pants in order to count to eleven
It is time you realized you are just not very smart
Do not ever think you are brighter than others.
Must suck when you realize you're not smart enough to pick up on sarcasm, eh larue?
Trump is "worse" than you predicted because you predicted he wouldn't last this long. Fail.With Trump we were right... no, actually he is worse than we predicted. If you still can't see it you are an idiot. Ford is just getting started with his debacle so we'll have to wait for the disasters to unfold.
Ford is doing great so far...many promises kept already, which must shock you seeing how the stretch goals of the past 15 years have conditioned you.
i would not knowWell, that sure pissed you off.
Must suck when you realize you're not smart enough to pick up on sarcasm, eh larue?
However it must suck for you to be proven both untrustworthy (Groggy/ Frankfooter) & a moron (this is proven daily)
The real funny thing is you are too stupid to realise how you are viewed.
I will give you a hint: It is not good
My apologies, didn't mean to rub your face in your inability to comprehend.i would not know
I'll try to use simpler words and context for you next time.
Really, its my bad. I should expect that someone who couldn't do the basic research to understand whether Ford is the type of politician to spend billions to try to gain a few votes would understand more complicated ideas.
By the way, this is how your economically smart politician is lying to you.
https://www.thestar.com/opinion/editorials/2018/07/13/doug-ford-misled-voters-on-hydro-one.htmlPremier Doug Ford may not have outright lied this week about the cost of fulfilling his election promise to get rid of Hydro One CEO Mayo Schmidt.
But he certainly grossly misled taxpayers when he crowed that the payout to Schmidt for stepping down “was zero … absolutely zero.”
In fact, Schmidt is likely to end up with an amount closer to $9 million, mostly in stock options, not the mere $400,000 that Ford claimed he received as a retirement severance payment.
And that doesn’t include the $4.9 million that the 14 members of the Hydro One board who resigned, apparently under threat of having their contracts ripped up, reportedly stand to collect.
None of this lives up to Ford’s promises in Thursday’s Throne Speech to “rebuild trust between the people and their government.” Nor does cooking “up a deal behind closed doors,” as NDP Leader Andrea Horwath put it, create the transparency expected of any democratic government.
Brought to you by the same people who uncovered Rob's crackheadedness.
