(VIDEO) Rob and Steve riff about the WSIB's $400k boss hoping for a $400k bonus and other stuff
While many of you are being forced into paying into WSIB for the first time in your lives, the top dog at Ontario's government-run workplace insurance fund is hoping to get a $400,000 bonus (on top of his $400,000 annual salary) for coming up with this plan - and others.
By Steve Payne
I. David Marshall, president and CEO of Ontario’s WSIB, is entering the fifth and final year of his contract. He hopes to earn $800,000 in the next 12 months – his $400,000 base salary and a $400,000 performance bonus.
Why is he very likely to get that extra $400,000? Because his contract says that if he meets certain performance criteria (“efficiencies,” reduce the WSIB’s “unfunded liability,” etc.) he will get that cheque.
Mr. Marshall ought to be very confident about cashing in. Bill 119, which a year ago extended mandatory WSIB coverage to tens of thousands of independent operators who had previously been exempt, is going to add hundreds of millions of dollars in new revenues to the WSIB’s coffers.
Elizabeth Witmer, the WSIB Chair, recently told Ontario’s Standing Committee on Finance that Bill 119 is expected to round up between 50,000 to 90,000 additional WSIB payees. That might be you, reading this. How do you feel about being sucked into WSIB payments you’ve never had to make before, to give you the right to make claims that you don’t want to make – probably won’t make – and in many cases CAN’T make – to help a senior government bureaucrat to pocket almost a million dollars in the last year of his well-padded term of office?
This is not a personal attack on Mr. Marshall. As Rob says in the video, there is not one contractor who wouldn’t like to be appointed to such a gloriously-paid office job. Mr. Marshall has served this country in various capacities as a senior government official and for a man who started off hauling bags of mail for Canada Post (here in Don Mills, Ont., near our offices) he has made the most of his CGA accountancy designation, apparent work ethic and undoubted integrity.
But, seriously, is there something wrong with this picture?