SIOBHAN COADY OK WITH STURGE’S BOUGHT SILENCE

It is tough to be kind to the Ball Administration. They cause members of the public to label them “lame” and “dumb”. On what basis should they think differently?

The Liberals ought to have immediately understood the rationale for Nalcor’s $900,000 parting gift to VP and CFO Derrick Sturge and stopped the move. Even a modicum of intelligence would have helped them see through his “without cause” departure, complete — the Uncle Gnarley Blog has learned — with “Confidentiality Agreement” attached. The Agreement was key to the whole arrangement. It would provide the assurance Nalcor needed that Sturge’s lips would remain zippered about Executive complicity in Nalcor’s $12.7 billion debacle.

VARDY STAYING ON TRAIL OF NALCOR ENTITLEMENTS

Written By David Vardy

The adjournment of the House of Assembly and the inquiry by the AG into the Nalcor CEO’s retirement benefits should be a springboard for pro-active, revitalized initiatives to chart a new course and to reverse the damage arising from a reactive governance strategy.

When the resignation of the Nalcor CEO was announced on April 20, 2016, I wrote to Nalcor, under ATIPPA, to secure a copy of his severance arrangements and his employment contract. I received this information on May 19, 2016. Since then I have submitted nine other access to information requests on this matter, relating to the payment of over $6 million to the retiring CEO. The most recent reads as follows:

Please provide a list of Nalcor employees covered by employment contracts with severance arrangements modelled on, or similar to, those contained in the contract with former CEO Ed Martin.