WYNNE: DOUG FORD'S HYDRO ONE FIRING PROMISE 'BLUSTER'
Apr 13, 2018
By Bob Komsic
The day after the Tory leader promised to fire the Hydro One CEO if he wins the June election, Kathleen Wynne says the pledge is little more than ”bluster”.
The premier says if that’s Doug Ford’s policy approach ”everyone in Ontario should be worried if this kind of sloganeering and bluster, quite frankly, is what is being put forward as policy and as coherent decision-making”.
Wynne says CEO Mayo Schmidt’s salary’s in the range with comparable jobs, adding Ford’s promise won’t save a single ratepayer ”one cent”.
The partially privatized company says Hydro One customers pay only two cents on their monthly bill for the CEO’s compensation while nearly 80% of the total executive package is paid for by shareholders.
By last December, the province had sold off 53% of its stake in Hydro One.