PortsToronto must be a wonderful place to work.
The seven-person executive team pulled down a cool $1.54 million according to the outfit’s 2014 financial statements. The amount is up from $1.3 million in 2013 or a 7% increase.
Perhaps the raises were for showing up. After all, PortsToronto revenue from operations dropped to $31.8 million from $32.3 million in 2013.
In other words, the executive team was rewarded an extra $240,000 for the $500,000 revenue slump. Just think how much the team would have shared had they lost $1 million or $2 million or even $3 million!!!
Here’s a screenshot of the Magnificent Seven’s booty.
Mr. Wilson seems to be the big winner amongst his colleagues in the executive offices with his 12.61% raise in salary and benefits for a whopping $375,000.
According to the province’s latest Sunshine List, he beat out TTC CEO Andy Byford ($359,674.26) former Toronto Chief of Police Bill Blair ($351,593.02) and even Premier Wynne ($209,385.30) but then those jobs don’t have nearly the complexity or responsibility that dropping $500,000 in revenue entails.
In fact, it’s hard to believe that the presidents of the four GTA Toronto colleges (Centennial, Durham, George Brown and Sheridan) all of whom earn less than Mr. Wilson, might deny him his due for the responsibility of looking after his staff of 139 (120 full-time, 19 part-time).
Did someone say Executive Vice-President Gene Cabral made more than the premier of Ontario?
PortsToronto – a great place to work.