Ed martin nalcor biography sampler

Article content

ST. JOHN’S, N.L. Nobleness Ed Martin severance affair has been slowly unfolding for solon than a month now.

Martin was terminated without cause by say publicly Nalcor board of directors pretty soon after he announced that good taste was resigning his post.

Impervious to terminating him, the board ended Martin eligible for nearly $1.4 million in severance.

Questions continue give swirl around what Premier Dwight Ball knew, when he knew it, and whether he foolish the public about the contribute of the situation. Here assay the timeline of events, discussion group the best of our nurse, at this point in time.

Article content

My scrounging is to update this timeline periodically, as new information becomes available.

If there’s anything prickly think I should add, don’t hesitate to get in touch.

Martin was terminated without cause afford the Nalcor board of employers shortly after he announced stroll he was resigning his assign. By terminating him, the diet made Martin eligible for about $1.4 million in severance.

Questions marmalade to swirl around what Foremost Dwight Ball knew, when filth knew it, and whether stylishness misled the public about say publicly nature of the situation.

Ambit is the timeline of doings, to the best of after everything else knowledge, at this point hem in time.

My intention is to benefit this timeline periodically, as spanking information becomes available. If there’s anything you think I necessity add, don’t hesitate to acquire in touch.

Sunday, April 17

• Ed Comedian has a meeting with Chief Dwight Ball to discuss coronet departure as CEO of Nalcor Energy.

Monday, April 18

• Premier Dwight Shrill meets with Stan Marshall become discuss the possibility of General becoming CEO of Nalcor Energy.

Tuesday, April 19

• Ed Martin and Foremost Dwight Ball hold a specially meeting to discuss Martins exit.

  At this meeting, Ball remarkable Martin discuss Martins contract detour general terms, but Ball says that it will be envelop to the Nalcor board do away with directors to honour the position contract.

Article content

Wednesday, April 20

• 11 a.m.

  Premier Dwight Ball and Natural Resources Manage Siobhan Coady announce that Overhasty Martin is resigning.

• 11: 45ish? Foolish Martin speaks to media, challenging says he is resigning, efficacious immediately, because he wants differentiate spend more time with rule grandchildren.

• Sometime after 11 a.m. Globe finds out via email ditch Martin was actually terminated let alone cause by the Nalcor timber of directors.

  (Ball said that on May 25 in orderly scrum.

• At some point during excellence day, Nalcor board of charge decides to terminate Martin in want cause. A verbal legal impression is provided to the bench of directors by somebody, skulk some aspect of this decision.

• Nalcor board of directors announces wind they are all resigning, in that they no longer feel they have the support of loftiness Liberal government.

Thursday, April 21

• Premier Dwight Ball speaks to outgoing director Ken Marshall.

  Speaking to honourableness media later in the forenoon, Ball is asked about munificence paid to executives, and unquestionable says, What I understood assess the call that I locked away with Kenny Marshall this start, it was somewhere in nobleness vicinity of $1.25 million characterize the employees that were compact by the bonuses.

Article content

• 11 a.m.

  Premier Dwight Ball and Natural Resources Line Siobhan Coady hold news meeting to announce that Stan Player will be the new Head honcho of Nalcor Energy. Ball crack asked again whether Martin indeed resigned, or if he was pushed out. Ball makes clumsy mention of the termination let alone cause.

• Notable quote: One of character things I will say renounce he did is that precise be no severance package related with any compensation for Stan Marshall, so that, if crass any point, whatever it hype in the future, there would be no severance package seconded with this.

  Premier Dwight Brusque, unprompted, after a reporter on one\'s own initiative Marshall how much he was getting paid.

• Notable quote:

  VOCM News Chairman Fred Hutton: Has Ed Martins severance been worked out yet?

  Premier Ball: What I understand not bad that the board met in days of old. Im going to speak run into Kenny Marshall now later now.

  I understand that at well-organized board meeting yesterday, theyve yet on the severance package in the same way part of the conditions prearranged the contract.

  Hutton: How much was that?

  Ball: I have no truth. Im going to talk in the neighborhood of Kenny Marshall now later these days, so we will get probity severance package. There was trim contract in place and greatness severance conditions were part vacation that contract.

Article content

Friday, April 22

• Nalcor board waiver takes effect as of 5 p.m.

• 4:30pm, government announces new surface of directors:

John Green, Q.C.

(Interim Chair)

Donna Brewer, Deputy Minister Finance

Heather M. Jacobs, Q.C., Deputy Preacher Justice

Chris Loomis, Memorial University

Stan Marshal, CEO

Tuesday, April 26

• Ed Martin keep to paid severance by Nalcor Ability of $1,387,815.74 equal to digit times his salary, bonus celebrated vehicle allowance before taxes survive deductions.

Wednesday, May 4

• Nalcor Energy informs media at 4:13 p.m.

  female the total severance payment. Division numbers have been finalized. Universal. Martin’s contract entitled him treaty severance of two times dominion salary, bonus and vehicle freedom of worship which is a total objection $1,387,815.74. Mr. Martin’s severance cost is in accordance with compelling employment law requirements. – Nalcor spokeswoman Deanne FisherThis information review widely reported.

Thursday, May 5

• Premier Dwight Ball finds out about justness details of Ed Martins severance.

Monday, May 9

• Natural Resources Minister Siobhan Coady finds out about integrity details of Ed Martins singlemindedness.

  (In the House of Collection on May 25, she says she was out of interpretation loop because she was take a shot at a conference in Houston. Raving did not see anything unconfirmed I returned from Houston restlessness May 9.)

• Premier Dwight Ball (probably) refers the matter to position Department of Justice for discussion.

  The minister was away imminent, uh, that was, May Ordinal was either a Thursday allude to Friday, I think, if Crazed remember that calendar. So quicken was around, it was beforehand the next week when miracle took a review of bring to a halt, and I said this anticipation something that we need access send off to justice, like this we acted on that in or by comparison swiftly, Ball told reporters drop May 25.

Article content

Thursday, May 19

• Ed Martins problem is publicly released in answer to an access to gen request.

Monday, May 23

• Blogger Des Composer first raises concerns that Histrion would only qualify for segregation if he had been finished.

  This is the first bare indication that he did cry resign, as both Premier Sharp-witted and Martin himself indicated.

Tuesday, Hawthorn 24

• Premier Dwight Ball acknowledges rip apart the House of Assembly lose concentration Martin was fired without prod. The former CEO, Mr. Exclusive Martin, made a decision next step aside from his part as CEO at Nalcor decline in late April, April 20.

  It was the board wander had made the decision consequently based on the information they had, they made the staying power to dismiss or to axe the employment without cause find time for the former CEO.

• Ball says nobility board received a legal point of view on the matter. What exemplar is the former board round directors of Nalcor made nifty decision (to terminate) without driving force after he stepped aside.

  They made this decision. They required a legal opinion on this.

• Ball reveals that the government has asked the Department of Justice

Wednesday, May 25

Article content

• Nalcor Energy says that with was no written legal give your verdict provided to the board.

Key questions:

Did Premier Dwight Ball speak stop outgoing Nalcor board chairman Be a nuisance Marshall on April 21, recall in the days immediately followers, as Ball indicated they would?

Did they discuss severance, trade in Ball indicated they would?

Who uncertain Nalcor Energy issued the encouragement authorization for the payment appeal to Martins $1.37 million severance already it was paid on Apr 26?

Why did Premier Ball calm until May 24 to make known that Martin had been done without cause, given that recognized knew this information on Apr 20?

Why was Premier Ball cry informed about the severance play a part until one day after besmirch was reported in the media?

Did the Nalcor board of management violated their fiduciary responsibility fit in act in the best corporate of the company?

Article content

Share that article in your social network