Thursday,
March 24, 2016 is the day on which Nalcor hosts its Annual General Meeting. This
is a good day for Ed Martin to step down, as Nalcor CEO.
Premier Dwight
Ball is testing the forbearance of the Newfoundland and Labrador public not
having given the failed CEO a well-deserved push at the start of his tenure.
After all, as Head of Nalcor, Ed Martin has overseen the evaporation of a great deal of public money, now counted as billions; the exact amount is a moving target. The
Muskrat Falls project is only around 40% complete.
It is true
that Ball indicated the intent of the EY Review “is not to make changes in the
administration at Nalcor” and, in a ham-fisted way, stated that “there is no reason
not to have confidence” in Nalcor management. Ed Martin might have thought otherwise, but by any measure, this is hardly a ringing endorsement of the CEO’s
leadership.
