Submitted by Lesley Hastie
I was wondering how to get an empathy bypass… It must be so useful. One could just disregard what happens to those who are different, and instead make sure we get the best for our circle of friends.
I was thinking about this when I saw that Mike Harris, former Conservative premier of Ontario, has been chairman of the board of Chartwell since 2003 and he presided over the deregulation of the long-term care sector in Ontario.
Two investment firms recently asked Chartwell to study possibly implementing a living wage for its employees and to disclose how Chartwell manages risks to employees.
But shareholders don’t need to worry… Chartwell’s board advised them to vote against both these proposals because, among other things, the living wage proposal is an inefficient use of resources. So, thankfully, less inefficiency. Phew!
But readers will be relieved to know that, according to a Globe and Mail article by David Milstead, “Chartwell said its board decided to tweak its compensation plans in light of the pandemic”, which was kind. [More on that here.]
Milstead goes on to say, “Chief executive officer Vlad Volodarski, promoted to CEO on March 16, , made $1.91 million, including a $323,967 bonus. It was more than double his 2019 pay, when he served as chief financial officer. His predecessor, Brent Binions, made $2.46 million in 2019. Three other top executives made bonuses between $187,187 and $207,627, with total paycheques ranging from $1.04 million to $1.17 million.”
So where can I get my empathy bypass? Perhaps Doug Ford can advise.
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