Canadian News May 29, 2020 5:05 PM EST

Trudeau government will not say how much they paid CEO

Trudeau's Infrastructure Minister will not tell the Canadian public how many taxpayer dollars were given to a former CEO.

Trudeau government will not say how much they paid CEO
Nico Johnson Montreal, QC
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Justin Trudeau's Infrastructure Minister Catherine McKenna will not tell the Canadian public how many taxpayer dollars were given to a former CEO, according to Blacklock's Reporter

Pierre Lavallée, the CEO, previously worked at the Canada Infrastructure Bank until he resigned on April 3. It is unclear how much money the CEO made in six-figure bonuses.

Speaking on the resignation of the CEO, McKenna said that "the change in direction at the Infrastructure Bank is a new phase in the Bank’s development. I’m very proud of what our government has done to invest in communities across the country."

The CEO used to make some $600,000 per year in his role at the Infrastructure Bank. This salary would have been topped-up with bonuses that would've taken his income from the taxpayer to over $1 million per year.

"How is it better to give a million dollars in bonuses to the CEO of the Canada Infrastructure Bank rather than invest in roads, schools, hospitals, long-term care homes?," asked on skeptical Conservative MP.

When the MP asked how much the CEO took in through benefits, McKenna's responded "The CEO’s bonus is set by the Bank and it is public knowledge."

This, however, was an untruth. These bonuses were never made public, and her staff had to clarify her statement yesterday.

Cabinet later refused to state how much this CEO was paid citing the Privacy Act.

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