BONOKOSKI: The broken ethics and lost money of the Infrastructure Bank
It was a Charles Bukowski moment.
The broken ethics and lost money of the Infrastructure Bank
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Thanks to Blacklock’s Reporter, we learn that the Infrastructure Bank, created three years ago, has already rolled through two board chairs and two CEOs — in three years, for crying out loud!! — which of course resulted in the payment of $3.8 million in “termination benefits.”
On April 1, the Bank’s $600,000-a-year CEO, $100,000-a-year board chair and chief project manager all resigned.
McKenna’s report to the House of Commons also noted the executives qualified for unspecified “variable performance incentives” that ranged up to $1 million a year or more.
Its a good life
On April 1, the Bank’s $600,000-a-year CEO, $100,000-a-year board chair and chief project manager all resigned.
McKenna’s report to the House of Commons also noted the executives qualified for unspecified “variable performance incentives” that ranged up to $1 million a year or more.
Its a good life
Back in June, McKenna claimed the Infrastructure Bank was involved in 55,000 subsidized projects, but said “privacy and security concerns” prevented her from revealing the location to the Parliament Budget Officer.
How precious is that?
The PBO, however, couldn’t get evidence of the 52,000 projects with some 20,000 unaccounted for, according to chief officer Yves Giroux.
How precious is that?
The PBO, however, couldn’t get evidence of the 52,000 projects with some 20,000 unaccounted for, according to chief officer Yves Giroux.
CBC story yesterday about the Irving Oil empire and the numbered companies it owns throughout New Brunswick. So many that it is difficult to get the entire picture.
Article mentioned the Irving Shipyard contract awarded in 2011 for $25 B has now reached $70 B. It was not clear to me how many ships have been built under this contract but mention of a finalized design to be released soon made me wonder.
Once again great planning wasted with horrid leadership and control and hopes that the news never surfaces. Sadly, this is Canada.
Article mentioned the Irving Shipyard contract awarded in 2011 for $25 B has now reached $70 B. It was not clear to me how many ships have been built under this contract but mention of a finalized design to be released soon made me wonder.
Once again great planning wasted with horrid leadership and control and hopes that the news never surfaces. Sadly, this is Canada.
