There's not much to encourage high-ranking managers and CEOs to work hard these days. Really, it's enough to make me want to give up journalism and become a failed executive...
The Man gets paid very well for his work. And when a big dog gets the boot or just chooses to abandon his post, the will still cash-in.
Some examples: Hydro One paid its outgoing CEO $3-million; the former boss of OC Transpo, Alain Carle, received about $130,000 after being fired after just six months on the job; when Ontario Lottery and Gaming Corporation chief executive, Duncan Brown, stepped-down in March, he pocketed nearly three-quarters of a million dollars on his way out the door. And the list goes on.
My question: will someone pay me $720,000 to get lost? How 'bout if I volunteer to disappear?
(It's tough to be hard on Greg Geddes, who worked for the city for 23 years and was fired last month during a shake-up at city hall. The job he had for the past three years was deemed no longer needed, so he was given to golden heave-ho to the tune of $270,000. But still... )
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