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Former Hydro boss paid $880K for working 1½ months in 2024 until her ouster (www.cbc.ca)

submitted 1 month ago by HellsBelle@sh.itjust.works to c/manitoba@lemmy.ca

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The former boss of Manitoba Hydro was paid nearly $900,000 in compensation in 2024, despite only working 1½ months before her dismissal from the Crown corporation.

The high pay earned by Jay Grewal, revealed to be $881,177.94 according to Hydro's annual compensation disclosures this week, suggests the utility bought out the remainder of her contract, according to a University of Manitoba business instructor who teaches a compensation course.

Grewal's pay in 2024 — more than doubling the compensation of any other Hydro employee — is a 61 per cent increase from the $546,698.12 she earned in 2023 for a full year as president and chief executive officer.

"My speculation is that she got every cent owed on the contract," Sean MacDonald said.

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[–] n3m37h@sh.itjust.works 2 points 1 month ago

Public must pay for top CEOs

"The public really needs to understand that to attract and retain quality people, to ensure our institutions and our major organizations funded by the taxpayer are well-managed, you're going to have to pay a lot for it."

Hefty buyouts are part of that equation, he said.

"There's nothing scandalous here."

Oh bull fucking shit, a capitalist lie