Home | WebMail | Register or Login

      Calgary | Regions | Local Traffic Report | Advertise on Action News | Contact

Login

Login

Please fill in your credentials to login.

Don't have an account? Register Sign up now.

NL

Liberals shift blame for Ed Martin's severance

The Liberal government is washing its hands of a $1.3-milliondollar severance package paid to Nalcors CEO this year.
The Liberals say Ed Martin's contract was signed by the previous Progressive Conservative government. (Bruce Tilley/CBC)

The Liberal government is shifting blame for a milliondollar-plus severance package paid to Nalcor'sdepartingCEO this year.

Ed Martingot a $1.3-million handshake when he left his job in April, the Crown corporation revealed this week.

It's a cheque that raised a few eyebrows in a province seeing tough tax hikes, butthe Liberal government says ithad nothing to do with it.

"Ed Martin's severance was part of a contract that was approved by the previous administration in 2005, renewed again in 2009 by the previous administration and executed upon by the previous board," said Nancy O'Connor, a spokesperson for Premier Dwight Ball, in an email on Friday.

O'Connor said that Stan Marshall, who's taking over from Martin, will receive no severance pay when he leaves the job.

Marshall will be paid the same amount as Martin about $700,000 yearly.