It seems like just yesterday that Ald. Gord Campbell made this observation regarding Ascent, formerly St. Thomas Holdings Inc.
“I can’t support this recommendation. St. Thomas Holdings had a difficult year, lost some money.”
Campbell was referring to a council vote a month or so ago on whether the Ascent board of directors should receive a hike in remuneration. Board members currently receive in the neighbourhood of $8,500 for attending 10 or so meetings a year and then chairman, Ald. Tom Johnston, was seeking an unspecified increase in that compensation.
Thankfully, council was united in deep-sixing the motion.
But, when Campbell notes they “lost some money,” how much might that be?
Lots.
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