Hydro One’s CEO is retiring as part of an agreement between the Ontario government and the utility company that will also see the replacement of the entire board. The deal, whatever else it may include, means Mayo Schmidt will receive a retirement sum of about $400,000 instead of the $10 million firing bonus he might have received if he had been dismissed. Wednesday night there is much speculation about possible unknowns attached to the deal. CTV says many want to know “what the government had to give up” to persuade Schmidt to retire.
