Sarah Kramer’s goodbye gift: $317,000
p2pnet news view | Off Topic:- No wonder Sarah Kramer is smiling happily.
In the middle of a $5 million scandal, she was fired as CEO of eHealth Ontario.
But she still managed to walk away with a parting package which would’ve kept an ordinary family happy for five or six years.
Her goodbye present came to nearly $317,000, says the CBC.
That was the equivalent of only 10 months’ salary ad even them, it was, “less than what she was entitled to under her contract,” says the story.
But Kramer isn’t alone, it says highlighting, “other high-profile, high-cost departures from public- and private-sector enterprises”.
Tom Parkinson, Hydro One CEO and the “highest-paid public sector worker in Ontario”, with a salary of more than $1.6 million, took a $3-million severance package when he resigned in December 2006. He quit, “amid questions over improper spending — including more than $45,000 in personal expenses charged to his secretary’s corporate credit card, and using Hydro One’s helicopter on several occasions to visit his Muskoka, Ont., cottage”.
“The previous CEO of Hydro One, Eleanor Clitheroe, had a salary of $2.2 million per year, and when she was fired for allegedly running up hundreds of thousands of dollars on her expense account, she received a $6-million severance package,” says the CBC, going on:
“The chief executive officers of the disbanded health regions in Calgary and Edmonton were paid $1.7 million and $1.5 million in severance respectively. In the case of Jack Davis, the former CEO of the Calgary Health Region, his $1.7 million severance was on top of $4.028 million he would receive under the disbanded region’s supplemental executive retirement plan.”
Henry McKinnell, the “Canadian-born former CEO of the U.S.-based pharmaceutical company Pfizer Inc., received a retirement package worth $181 million US in December 2006, says the story.
In February 2006, David Dingwall, Royal Canadian Mint CEO and president, “was awarded $417,780 in compensation after an independent arbitrator concluded he was forced out of his $277,000-a-year job”.
No need to stay tuned.
CBC – The high cost of parting ways with CEOs, June 9, 2009
fired as CEO – Ontario eHealth boss fired amid $5M scandal, June 8, 2009
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June 10th, 2009 at 12:03 pm
“…the “Canadian-born former CEO of the U.S.-based pharmaceutical company Pfizer Inc., received a retirement package worth $181 million US…”
Never mind the little blue pill!
I wouldn’t need it, with that kind of settlement!
: P — L
June 10th, 2009 at 1:45 pm
And people who actually do something useful, like serve coffee to normal people and help brighten their days, serving at say McDonald’s, get “thanks” as they leave or “bye” as they are fired. Not even a free small bag of fries.
The amount of money wasted on these people who are fired or quite is insane. When I quit my job to move East, guess what my severance was NOTHING! It was unused vacation pay which I was entitled to, no bonuses, no remainder of salary, nothing!
How many more are like eHealth’s CEO (HydroOne’s debt could be reduced by CEO’s taking less salary) with gross spending and salaries? Are they really worth that much, especially if contracting out the work?
How would our wait lines differ if the salaries were more realistic, or at least in line with effort the individual puts into their job, and the money was used wisely with our hospitals?
June 10th, 2009 at 10:03 pm
What planet do you live in where the people who get you coffee or a mcmuffin are more useful than someone who might have achieved some actual value for our tax dollars in healthcare. Its pretty crazy that these allegations led to her dismissal especially when you compare it to the others raised above. For one thing she didn’t do anything illegal like these people – she managed to make sure that those in her employee worked to pull together a strategy to show the people in charge she could make a reasonable difference – which she did – and they did – and they compensated her for it – and what an accomplishment if they actually really were just cronies ushered in by Alan Hudson. Since they managed to get work done they had to at least have been somewhat capable and the woman who pours my coffee cant even serve two customers at once so it seems to me like the line up at the cafe is reminiscent of the back up and time wasting money sucking that was going on at SSH for years. And what family are you feeding happily for $50,000 before taxes? Sarah Kramer is actually not a criminal or a greedy CEO like those ones you mention so what is your point?
June 11th, 2009 at 2:14 am
What planet do any of the troughers that think they are entitled to be kept like royalty at the taxpayers expense and that they are above the law. Just as in Britain people are wisening up to the ongoing fraud perpetrated on them. $5m dollars in untendered contracts to buddies of Kramer and Hudson! In any law governed society they would be in gaol. It is only the complete subservience to date of the citizens of Canada that lets them get away with it.
Some “accomplishment” – $800m+ of public money and not a single thing to show for it. In the UK the national government is on the brink of falling as more of the facts of the utter sleaze and corruption comes out. The Ontario mob may now think that the recess will let them off the hook. They should know that this was also tried in UK but the net result there is likely to be the complete destruction of the Labour Party.
Canadians are beginning to wake up. It is just a tragedy that there is not a single political party to represent their interests at present. In the vacuum they will do whatever it takes to pnish all parties. In the meantime they know that there is a conspiracy among the Canadian political classes and their hangers on in the myriad of public and semi-public agencies to hide the extent to which there is daily ongoing institutionalized theft of their dollars. A pox on all their houses!