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ST. JOHN S, N.L. Newfoundland and Labrador is proposing new rules that would end the big bonuses regularly paid to executives at provincial corporation Nalcor Energy. Energy Minister Andrew Parsons tabled changes to existing legislation on Wednesday that would allow government to override decisions about pay and bonuses made by Nalcor s board of directors. He first promised the changes in late December, after it was revealed Nalcor chief executive officer Stan Marshall took home a $315,000 bonus on top of his $459,400 salary in 2019. Other executives received bonuses ranging from $27,000 to $69,000. This is a company that is a Crown corporation, that s paid for by taxpayers, and we are in a very difficult fiscal situation, Parsons told reporters Wednesday. This isn t personal, just business.
New rules would allow N L to cut bonuses at provincial energy corporation Nalcor - Medicine Hat NewsMedicine Hat News medicinehatnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from medicinehatnews.com Daily Mail and Mail on Sunday newspapers.
Winnipeg Free Press By: Sarah Smellie, The Canadian Press Posted:
Last Modified: 2:15 PM CDT Wednesday, Apr. 21, 2021 Save to Read Later
ST. JOHN S, N.L. - Newfoundland and Labrador is proposing new rules that would end the big bonuses regularly paid to executives at provincial corporation Nalcor Energy.
Newfoundland and Labrador s provincial flag flies in Ottawa, Monday July 6, 2020. The Newfoundland and Labrador government has proposed new rules that would end the big-figure bonuses regularly paid to provincial energy corporation executives. THE CANADIAN PRESS/Adrian Wyld
ST. JOHN S, N.L. - Newfoundland and Labrador is proposing new rules that would end the big bonuses regularly paid to executives at provincial corporation Nalcor Energy.
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