Other executives capped at 75% of CEO’s pay
TORONTO — The Ontario government has signed off on a new executive pay plan set out by Hydro One Ltd.
Under the proposed framework, the utility will pay its chief executive a maximum of $1.5 million a year in direct compensation, with a base salary of no more than $500,000.Under legislation the government passed last year, Ontario can issue a formal, legal directive to the utility on pay. The province had rejected an earlier plan that would have capped the CEO’s compensation at nearly $2.8 million.
Performance targets under the pay plan will include the CEO’s contributions to reductions in transmission and distribution costs. Pay for other executives at the utility will be capped at 75 per cent of the CEO’s total direct compensation.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ontario government signs off on new executive pay plan at Hydro OneUnder the proposed framework, the utility will pay its chief executive a maximum of $1.5-million a year in direct compensation, with a base salary of no more than $500,000
Read more »
Ontario government gives OK to new executive pay plan at Hydro OneThe Ontario government has signed off on a new executive pay plan set out by Hydro One Ltd.
Read more »
Former Hydro chair puts energy-efficient West Vancouver mansion on the market“We’ve decided not to go public with the price,” said realtor Christa Frosch. “We will disclose the price to qualified buyers as they make their requests.”
Read more »
Ontario government signs off on new executive pay plan at Hydro OneUnder the proposed framework, the utility will pay its chief executive a maximum of $1.5-million a year in direct compensation, with a base salary of no more than $500,000
Read more »
Ontario government gives OK to new executive pay plan at Hydro OneThe Ontario government has signed off on a new executive pay plan set out by Hydro One Ltd.
Read more »
New Ontario doctors’ contract will increase health spending by $1.5-billion over four yearsOntario’s budget watchdog announced the news, saying last month’s arbitration put no hard cap on increases in the physician services budget
Read more »
Anonymous winner claiming $1.5 billion Mega Millions jackpot in U.S.A single winner has stepped forward to claim the $1.5 billion Jackpot from a drawing last October, South Carolina lottery says
Read more »