Chief executive officer Mayo Schmidt is Hydro One’s $6 million man - News Summed Up

Chief executive officer Mayo Schmidt is Hydro One’s $6 million man


Chief executive officer Mayo Schmidt got a $1.7-million raise, lifting his total compensation for 2017 to $6.2 million at the former Crown corporation partially privatized by Premier Kathleen Wynne’s Liberal government two years ago. “All that is while families still have to stay at home and choose whether to heat or eat because of their hydro rates,” said Progressive Conservative MPP Vic Fedeli. “We recognize that executive salaries are high compared to the vast majority of Ontario salaries, and we remain committed to Hydro One’s regulation, accountability and transparency,” Thibeault said in a statement. The outcry over Hydro One follows the release of last week’s “sunshine list” of public sector workers earning more than $100,000. It was led by Ontario Power Generation chief executive Jeffrey Lyash, at $1.55 million.


Source: thestar March 30, 2018 13:30 UTC



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