mackaycartoons

Graeme MacKay's Editorial Cartoon Archive

  • Archives
  • DOWNLOADS
  • Kings & Queens
  • MacKaycartoons Inc.
  • Prime Ministers
  • Special Features
  • The Boutique
  • Who?
  • Young Doug Ford
  • Presidents

organizing

Friday September 18, 2015

September 17, 2015 by Graeme MacKay
By Graeme MacKay, Editorial Cartoonist, The Hamilton Spectator - Friday September 18, 2015 Wynne under fire over bonuses to Pan Am executives Ontario is paying big bonuses to Pan American Games executives, doubling the salaries of some top brass. Fifty-three executives on the TO2015 organizing committee are expected to share in $5.7-million worth of bonuses. Some of the money will be shelled out as a reward to executives for not quitting ahead of the Games; some of it is a reward for keeping the Games within their budget. The $2.5-billion Games, however, received a $74-million bailout from the provincial Liberal government last year, raising tough questions about whether the province set the budget artificially high so executives could meet it. The Games, which were held this summer, also saw several cost overruns and delays, most notably for the construction of a soccer stadium in Hamilton. But the contracts were structured so that individual companies building the venues absorbed the extra costs, making it easier for TO2015 to stay within its budget. On Wednesday, the Progressive Conservatives called on the province to freeze all bonus payments to Pan Am executives and asked the Auditor-General to conduct a value-for-money evaluation of the Games. They questioned why the province was choosing to make the payouts at a time when it is facing an $8.5-billion deficit. ÒYou look at these huge amounts being spent on the Pan Am Games É this is in the face of 800,000 Ontarians who donÕt have a family doctor. They just cut 50 residency spots. You see record wait times in long-term care,Ó PC Leader Patrick Brown said. ÒIt begs the question: Where are the governmentÕs priorities?Ó Tory deputy leader Steve Clark said he also wanted to know how the Games could possibly be under budget when the province handed them an extra $74-million last September. At the time, the Liberals said they had to give the Games more money because TO2015 had failed to bring in as much spons

By Graeme MacKay, Editorial Cartoonist, The Hamilton Spectator – Friday September 18, 2015

Wynne under fire over bonuses to Pan Am executives

Ontario is paying big bonuses to Pan American Games executives, doubling the salaries of some top brass.

Fifty-three executives on the TO2015 organizing committee are expected to share in $5.7-million worth of bonuses. Some of the money will be shelled out as a reward to executives for not quitting ahead of the Games; some of it is a reward for keeping the Games within their budget.

Pan Am Guide | by Graeme MacKayThe $2.5-billion Games, however, received a $74-million bailout from the provincial Liberal government last year, raising tough questions about whether the province set the budget artificially high so executives could meet it.

The Games, which were held this summer, also saw several cost overruns and delays, most notably for the construction of a soccer stadium in Hamilton. But the contracts were structured so that individual companies building the venues absorbed the extra costs, making it easier for TO2015 to stay within its budget.

Thursday July 23, 2015On Wednesday, the Progressive Conservatives called on the province to freeze all bonus payments to Pan Am executives and asked the Auditor-General to conduct a value-for-money evaluation of the Games. They questioned why the province was choosing to make the payouts at a time when it is facing an $8.5-billion deficit.

“You look at these huge amounts being spent on the Pan Am Games … this is in the face of 800,000 Ontarians who don’t have a family doctor. They just cut 50 residency spots. You see record wait times in long-term care,” PC Leader Patrick Brown said. “It begs the question: Where are the government’s priorities?”

Tory deputy leader Steve Clark said he also wanted to know how the Games could possibly be under budget when the province handed them an extra $74-million last September. At the time, the Liberals said they had to give the Games more money because TO2015 had failed to bring in as much sponsorship revenue as it was hoping, and also needed more cash to do live broadcasts of some events, expand the torch relay to more communities and build more satellite villages for athletes.

Friday, July 19, 2013Both Pan Am chairman David Peterson, the former Liberal premier, and CEO Saad Rafi refused The Globe and Mail’s interview requests Wednesday.

In a radio interview on 680 News, Mr. Peterson said the Games spent $57-million less than expected on construction, plus saved $10-million from a capital contingency fund. The Pan Am organization also spent “tens of millions” less than it budgeted for operations, he said, but final figures are not yet available.

The bonuses were written into the executives’ contracts when they were hired, he said.

Mr. Peterson said big bonuses are just a fact of life. “When the president of the bank gets a bonus, do you approve of that?” he said. “When you do a good job in your company, you get a bonus – do you approve of that? It’s the way the world works.” (Source: Globe & Mail)

 

Posted in: Ontario Tagged: bonus, committee, David Peterson, Ontario, organizing, Pachi, Pan Am Games, patronage, Porcupine, TO2015

Please note…

This website contains satirical commentaries of current events going back several decades. Some readers may not share this sense of humour nor the opinions expressed by the artist. To understand editorial cartoons it is important to understand their effectiveness as a counterweight to power. It is presumed readers approach satire with a broad minded foundation and healthy knowledge of objective facts of the subjects depicted.

  • The Hamilton Spectator
  • The Toronto Star
  • The Globe & Mail
  • The National Post
  • Graeme on T̶w̶i̶t̶t̶e̶r̶ ̶(̶X̶)̶
  • Graeme on F̶a̶c̶e̶b̶o̶o̶k̶
  • Graeme on T̶h̶r̶e̶a̶d̶s̶
  • Graeme on Instagram
  • Graeme on Substack
  • Graeme on Bluesky
  • Graeme on Pinterest
  • Graeme on YouTube
New and updated for 2025
  • HOME
  • MacKaycartoons Inc.
  • The Boutique
  • The Hamilton Spectator
  • The Association of Canadian Cartoonists
  • The Association of American Editorial Cartoonists
  • You Might be From Hamilton if…
  • Young Doug Ford
  • MacKay’s Most Viral Cartoon
  • Intellectual Property Thief Donkeys
  • Wes Tyrell
  • Martin Rowson
  • Guy Bado’s Blog
  • National Newswatch
...Check it out and please subscribe!

Your one-stop-MacKay-shop…

T-shirts, hoodies, clocks, duvet covers, mugs, stickers, notebooks, smart phone cases and scarfs

2023 Coronation Design

Brand New Designs!

Follow Graeme's board My Own Cartoon Favourites on Pinterest.

MacKay’s Virtual Gallery

Archives

Copyright © 2016 mackaycartoons.net

Powered by Wordpess and Alpha.

Social media & sharing icons powered by UltimatelySocial
 

Loading Comments...