Yesterday @fordnation joined Lt.-Gov. Elizabeth Dowdeswell in officially inducting the 2020 members in the Order of Ontario, inclu frmr Conservative premiers Ernie Eves & Mike Harris,
A🧵 on what they did & how much they made.
Strap in. It's quite a story 1/10>>
#onpoli
A🧵 on what they did & how much they made.
Strap in. It's quite a story 1/10>>
#onpoli
The Mike Harris gov't (Ernie Eves was his finance minister) launched the Health Services Restructuring Commission that ordered the closure of 43 hospitals.
> 11,400 hospital beds were cut.
> 1 in 3 of Ontario's acute care & chronic care hospital beds were closed. 2/ >>
> 11,400 hospital beds were cut.
> 1 in 3 of Ontario's acute care & chronic care hospital beds were closed. 2/ >>
The restructuring commission's commissioners included Shelly Jamieson who was the executive director of the for-profit #LTC lobby association & went back to reap the rewards of the closure of our chronic care beds as president of Extendicare after the Commission ended. 3/10 >>
Not only did they close thousands of public chronic care hospital beds, Harris & Eves created 20,000 new long-term care (#LTC) beds. For the first time in Canadian history, using public money they paid for-profits to build beds that they would run for their own profit. 4/10 >>
They privatized the majority of those beds for decades.
Ernie Eves left politics for a brief period after being Finance Minister & before becoming Premier. A month after he left office he joined the board of for-profit #LTC chain CPL REIT (which became Revera). 5/10 >>
Ernie Eves left politics for a brief period after being Finance Minister & before becoming Premier. A month after he left office he joined the board of for-profit #LTC chain CPL REIT (which became Revera). 5/10 >>
Mike Harris became chair of Chartwell after leaving office, also reaping the rewards of his closure of thousands of chronic care hospital beds, their replacement with #LTC beds and his privatization of those #LTC beds.
It has been lucrative for our former premier. 5/10 >>
It has been lucrative for our former premier. 5/10 >>
According to the Globe and Mail:
A review of Chartwell’s proxy circulars shows that over those 18 years, Chartwell has paid Mike Harris ~ $3.5-million for his services, the bulk of it in Chartwell stock. (~Ave $200,000/yr for what is supposed to be a part-time job.) 6/10 >>
A review of Chartwell’s proxy circulars shows that over those 18 years, Chartwell has paid Mike Harris ~ $3.5-million for his services, the bulk of it in Chartwell stock. (~Ave $200,000/yr for what is supposed to be a part-time job.) 6/10 >>
Those compensation numbers do not include dividends on Mike Harris' shares. Eg. while Chartwell reported his board compensation as $229,500 in its proxy circular in 2019, stock-ownership filings with regulators show Chartwell gave Mr. Harris shares worth $405,000 that yr. 7/10 >>
All told, Mike Harris' holdings, which include shares purchased on the open market, are worth roughly $6-million today. [In 2021.]
On several occasions from 2003-14, Mr. Harris received a low-interest loan to purchase a total of roughly $600,000 in shares.
There's more.
8/10 >
On several occasions from 2003-14, Mr. Harris received a low-interest loan to purchase a total of roughly $600,000 in shares.
There's more.
8/10 >
Also, from 2010 - 2019 Chartwell directors who chose to get their directors’ fees paid in stock, rather than cash, got a company match – effectively doubling their pay. That meant that in each yr of the plan, Mr. Harris received about $230,000 in annual compensation. 9/10 >>
Mike Harris also privatized the majority of Ontario's home care. In 2012 he and his wife started a for-profit home care company Nurse Next Door.
In August, Harris came out in support of @fordnation's plans to privatize our public hospitals.
No wonder.
#onpoli
End.
In August, Harris came out in support of @fordnation's plans to privatize our public hospitals.
No wonder.
#onpoli
End.
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