$900,000 TO STURGE: NALCOR BOARD AN ECHO OF THE LAST ONE

It isn’t hard to tell that it is public money about which the Nalcor Board of Directors is so cavalier, not their own.

The previous Board gave former Nalcor CEO Ed Martin $1.38 million severance even after having resigned for “personal” reasons, “to spend more time with his family.” Fired “without cause” soon replaced the well-worn excuse of the empathetic family man booted out the corporate door. The Board, caring not a whit about Mr. Martin’s behaviour — or record — as CEO, used the contortions of legal camouflage to justify the decision; even Premier Ball allowed that Martin was awarded severance in accordance with Nalcor’s contractual obligations, until this Blog caught him out in the lie.