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The Grinch That Stole Eleanor Clitheroe’s Christmas

Posted by on Dec 23, 2010 in Retirement | 0 comments

The CBC reports that the Supreme Court of Canada has thwarted a bid by former Hydro One boss Eleanor Clitheroe to get a $157,000 raise in her pension.

The high court on Thursday said it had dismissed her leave to appeal a lower court ruling that had thrown out her attempt to sue the Ontario utility. It also ruled that Clitheroe will have to pay the legal costs Hydro One incurred in fighting her case.

Clitheroe was fired in 2002 following a controversy over huge executive salaries at the public utility and revelations that she had billed thousands of dollars in personal expenses to Hydro One — behaviour the utility’s board declared “inappropriate.”

At the time, she was being paid $2.2 million a year.

After she was fired, the Ontario government passed legislation to cap the pensions of Hydro One execs at $25,637.08 a month — or $307,645 annually.

But Clitheroe maintained she was entitled to a monthly pension of $33,644.21 — $464,134 annually

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