CBC Manitoba: Departed CEO made $603K, only worked 4 months for Manitoba Shared Health last year
“It would be difficult to imagine something other than they paid out the remaining term of the employment contract,” Sean MacDonald said.
A Shared Health spokesperson declined to comment on Topp’s employment terms, describing it as a human resources matter.
MacDonald said large severance payments to top executives can spark public outrage, but he said these benefits are often embedded into the employment contracts.
“I don’t think people should be immediately thinking that this is scandalous, simply because these are high numbers for the top executives.”
MacDonald said high compensation is needed to attract upper managers, and severance protects them from the risk in assuming a job they could lose suddenly.
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