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.

Leave a comment:

showing all comments · Subscribe to comments
  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.
showing all comments

Share this article:

News Videos

Latest News

  • Liberals accused of ramming through bill 10

    The Couillard government is shocking the health care system with a hasty bill in a rushed effort to save money, say several opponants and participants at today's legislative hearings. Read More
  • UPDATE: Was St. Jean hit-and-run incident a terrorist act?

    It's not every day that a hit-and-run incident is brought up in the House of Commons — but Monday morning's hit-and-run and subsequent police shooting in St. Jean sur Richelieu got the attention of prime minister Stephen Harper later on in the afternoon. Read More