Big shakeup at FTQ Solidarity Fund

The administration of the Quebec Federation of Labour's Solidarity fund has undergone a major shakeup in the wake of multiple allegations of suspect behavior being made at the Charbonneau Commission's hearings in recent weeks.

Yvon Bolduc, whose name came up several times recently at the Commission's hearings, is quitting as the Fund's president — with Bolduc getting a severance package totalling more than $1 million.

His resignation will take effect on March 31.

Meanwhile, Robert Parizeau, the 77-year-old brother of former premier Jacques Parizeau and former chairman of Gaz Metro, will become the fund's new chairman of the board of directors.

The board, incidentally, is also changing the way its members are chosen, to give the FTQ less power in its affairs.

The union, which created the fund in 1983, has always had the power to name most of the fund's board of directors. But on Thursday, the fund announced that only 7 of 19 directors would be named by the FTQ. Seven others would be independent, and four would be named by the fund's shareholders.

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  1. joeN posted on 02/07/2014 08:43 AM
    Too little, too late. How will they recover the lost money which the contributers mad ein good faith? Cancel his severance! Let him apply for EI benefits just like all the regular people who loose their jobs. Enough of these platinum parachutes for these incompetent leaders.
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