Cabinet control of Crown corporations #nlpoli

Hearings at the pubic utilities board revealed that senior executives at Nalcor received hefty bonuses again in 2014 as they have in other. 

Ostensibly, they are a reward for achieving corporate performance targets. Given that Nalcor has had some serious problems with its capital works and maintenance program over the past decade, it is rather surprising to see people getting great gobs of cash while the company hasn’t been performing.

Ostensibly, the bonuses are part of a compensation package that keeps the company competitive.  That’s how Nalcor chief executive Ed Martin justified the compensation now that we understand they are the chief cause of the cost increases Nalcor is using to justify its request for an increase in electricity rates this year.