July 13, 2018 9:06 am

Scott Thompson: It’s not the $6 million salary that will save us, it’s the change in attitude

Hydro One has spent $9 million in a $15 million dollar project to redesign its bills for customers.

Roberto Machado Noa / File / LightRocket / Getty Images
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Many in the opposition have ridden the narrative that the firing of Hydro One CEO Mayo Schmidt will not save you a penny on your bill.

And they are right, if you are only taking into account his $6 million salary, as opposed to the decisions he made that cost us all.

READ MORE: Doug Ford: CEO and board of Hydro One are gone and done

But this is not about his salary as much as it is about the entitled attitude that got us here.

Just before the last election, the Hydro One board of directors voted themselves a raise, driving the final nail into the Kathleen Wynne campaign coffin.


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Kathleen Wynne cried her disappointment: how could they do such a thing?

Yes, great question, especially when she said Ontarians still had effective control of the utility because the province remained the largest single shareholder with a 47 per cent stake.

So if Kathleen Wynne still controlled 47 per cent, how did the raise get approved by over 90 per cent of shareholders? Because the largest single shareholder (Kathleen Wynne’s Ontario) abstained from the vote.

Why would they do that? What’s in it for us?

READ MORE: Doug Ford slams Hydro One board for CEO severance provisions

What “will” save taxpayers money, is not the savings of a $6 million salary, it will be a change in culture that stops such outrageous practices from continuing right under the noses of a government that fails to do its due diligence.

I think I speak for most when I say, smell ya later!

Scott Thompson is the host of The Scott Thompson Show on Global News Radio 900 CHML

© 2018 Global News, a division of Corus Entertainment Inc.

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