Emera salary increases: some questions, some answers

The news that senior executives at Emera and its wholly owned, profit-protected subsidiary, Nova Scotia Power, topped their million-plus, one-per-center-club-members-in-good-standing pay packets with raises from 20 to 30 per cent last year prompts all sorts of intriguing questions. For starters, how many of the company’s secretaries sat on the compensation committee? The short answer: none. […]

Nova Scotia budget: the cost of cutting v the value of investing

In the all-too-brief interregnum between Thursday’s bad-news federal budget and tomorrow’s more-bad-news provincial budget, it’s worth noting the across-the-board, cost-cutting Kool Aid fiscal policy makers in Ottawa and Halifax have swallowed is not the only—or necessarily best—way to slay the deficit dragon. The Nova Scotia branch of the Canadian Centre for Policy Alternatives, for example, […]

John Risley responds to my Occupy column

John Risley, the president of Clearwater Fine Foods and a columnist for Atlantic Business Magazine, says I’ve got it all wrong when it comes to the Occupy Movement. “In the previous issue of Atlantic Business Magazine,” Risley writes, “my fellow columnist — Stephen Kimber — attempted to explain the Occupy movement. Unfortunately he got it […]

The rise and fall—and fall—of Richard Homburg

By 2009, Richard Homburg’s glitzy, buzz-worthy annual office parties had become corporate Halifax’s post-Christmas social hot ticket. Two hundred of the city’s elite investors, investment advisors, developers, lawyers, accountants and assorted corporate hangers-on would gather in the January freeze to mix and mingle at Homburg Citadel, Homburg Invest’s global corporate headquarters. A modern building insinuated […]

Occupy protesters speaking for more than just themselves

Occupy Nova Scotia’s campers will decamp—temporarily—from Grand Parade so Remembrance Day ceremonies can take place there next week. Given the respectful, peaceful tenor of the protest, that’s hardly surprising. Neither will it come as any surprise—though it will doubtless disappoint Mayor Peter Kelly—that the protesters also intend to rebuild their tent village and continue the […]

And the rich get… tax cuts

Last week, news reports about three economic reports thudded into my electronic in-basket. The first had to do with Canadian Business Magazine’s “The Rich List,” an annual compilation of who’s-worth-how-astronomically-much this week. Toronto’s Thomson family topped the list again with a net worth of $23.36 billion—yes, billion! As allnovascotia.com noted proudly, Maritime titans were well […]

Pay for performance? What a concept

Ontario Premier Dalton McGuinty is proposing legislation—delightfully entitled the “Excellent Care for All” bill—to connect the salaries and bonuses of provincial hospital chief executive officers with their on-the-job performance. We’re not talking here simply about how well the CEOs manage to shave operating room costs or slash vital support jobs to meet too-small budgets, but […]