Wynne tells OPG its salary cap for CEO is too high at $3.8 million
Premier Kathleen Wynne says Ontario Power Generation must come up with a more reasonable salary range than the $3.8-million cap it arrived at for the CEO.
Her comments to The Canadian Press come after her government faced days of criticism for raises totalling up to $8 million for about 80 executives at OPG and a potential raise of up to $118,000 for the head of transit agency Metrolinx.
As a wage freeze lifts, all broader public sector agencies have until September to post their proposals for new executive compensation packages.
But after public outcry over the OPG salaries and proposed Metrolinx raises, the government sent a memo Friday to the more than 300 broader public sector organizations saying it expects any increases to be “modest.”
OPG has said that even though the CEO’s salary cap is $3.8 million — up from the current salary of $1.5 million — he would earn much less. Wynne says she thinks OPG said that because they know it’s too high.
Meanwhile, Treasury Board President Liz Sandals apologized for using “insensitive” language when she said most GO train riders probably don’t have the qualifications to run a multibillion-dollar corporation or nuclear operations.