Wednesday, January 04, 2012

Executive compensation at Ornge, Canada

Ontarians can find out that the chief operating officer made $282,000 in 2010. But they can’t find out what Dr. Chris Mazza, the president and chief executive officer, makes. Why? Because ORNGE has broken up its business into a not-for-profit that provides air ambulance services to the province and for-profit companies that pursue other ventures. Mazza, according to the company, primarily works for the latter and therefore is exempt from disclosing his salary. It’s such a “complicated corporate structure” that Matthews says she needs help to “better understand why it is that all salaries at ORNGE are not covered in the (public disclosure) act.” Boy, with my MBA and Medical Background, I could handle the reins of a business executive at Ornge for much less money :)

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