We can’t af­ford Nal­cor’s bonuses

The Packet (Clarenville) - - EDITORIAL -

You re­port the ex­ec­u­tives at Nal­cor are get­ting $766,000 in bonuses? You’ve got to be kid­ding!

“There is point af­ter which,” as the old saw goes, and for me this is it. I re­al­ize that in the board­room of Nal­cor three quar­ters of a mil­lion dol­lars is chump change when the Muskrat Falls debt is $12 and a half bil­lion. I’m guess­ing the fi­nal amount to each ex­ec­u­tive might not be much more than enough to buy a bot­tle of 25-year-old sin­gle-malt whisky and a box of cigars, but any amount is too much.

We know the points that will be spun about award­ing bonuses: they are de­served for out­stand­ing ser­vice and peo­ple will quit and go else­where if they are not re­warded, and so on. That may be so, but even if it is only how it looks, I say no. No bonuses.

This has got to stop, Nal­cor. We can’t take any more.

Bob Ox­ley St. John’s

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