The Ontario Sunshine List - Public Sector Salary Disclosure
The names, positions, salaries and total taxable benefits of public sector employees paid $100,000 or more in a calendar year.
Laura Formusa
Laura Formusa served as the President And Chief Executive Officer at Hydro One in 2013, received an annual salary of $159,500.00 and a taxable benefit of $0.00, as indicated by the Government of Ontario's Sunshine list. Laura has held the same position since 2009 has been receiving six-figure yearly compensation.
$159,500.00
Total paid in 2013
$159,500.00
Salary
$0.00
Taxable Benefit
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Female Very high confidence |
Find Laura on LinkedIn| Job Title : | President And Chief Executive Officer |
| Employer : | Hydro One |
| Sector : | Ontario Power Generation |
| Year : | 2013 |
Comparing peers in identical roles within the organization | ||||
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$160K | ||||
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Comparison with other individuals in similar positions in Ontario | ||||
$160K | ||||
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| Bottom 90% | Below Average | Above Average | Top 10% |
Between 2001 and 2013, Laura experienced an average annual increase of approximately 5.53% in annual salary, including taxable benefits at Hydro One. By 2013, Laura's total pay had risen by 45.20% compared to the pay in 2001. Notably, during Laura's tenure as President And Chief Executive Officer, there has been a significant 83.69% decline in compensation over the past 4 years. Additional information can be found in the chart and table presented below.
Yearly Total Paid
| Year | Job Title | Salary | Taxable Benefit | Raise |
|---|---|---|---|---|
| 2013 | President And Chief Executive Officer | $159,500 | $0 | ⇩ -84.65% |
| 2012 | President And Chief Executive Officer | $1,036,740 | $2,561 | ⇧ 7.75% |
| 2011 | President And Chief Executive Officer | $961,963 | $2,561 | ⇧ 0.86% |
| 2010 | President And Chief Executive Officer | $953,844 | $2,473 | ⇩ -2.18% |
| 2009 | President And Chief Executive Officer | $975,176 | $2,470 | ⇧ 5.48% |
| 2008 | President / Chief Executive Officer | $924,437 | $2,436 | ⇧ 16.55% |
| 2007 | President / Chief Executive Officer | $794,299 | $966 | ⇧ 71.72% |
| 2006 | General Counsel And Secretary | $462,273 | $835 | ⇩ -1.11% |
| 2005 | General Counsel / Secretary | $467,569 | $739 | ⇧ 6.12% |
| 2004 | VP, General Counsel | $440,597 | $704 | ⇧ 27.43% |
| 2003 | VP, General Counsel | $345,655 | $650 | ⇧ 14.01% |
| 2002 | VP, General Counsel | $303,221 | $541 | ⇧ 4.36% |
| 2001 | General Counsel And Secretary | $290,528 | $539 |
The 2013 Sunshine List has 2 employees who held exactly same position title ( President And Chief Executive Officer ) in the Hydro One.
| Full Name | Salary | Taxable Benefit |
|---|---|---|
| Laura Formusa | $159,500 | $0 |
| Carmine Marcello | $724,917 | $3,654 |
The 2013 Sunshine List has 245 employees who held comparable positions in Ontario.
10 out of 245 employees
| Full Name | Job Title | Employer | Total Paid |
|---|---|---|---|
| Thomas Mitchell | President And Chief Executive Officer | Ontario Power Generation | $1,720,774 |
| William Moriarty | President And Chief Executive Officer, University of Toronto Asset Management Corporation | University of Toronto | $774,382 |
| Robert S. Bell | President And Chief Executive Officer | University Health Network | $828,634 |
| Carmine Marcello | President And Chief Executive Officer | Hydro One | $728,571 |
| William Reichman | President And Chief Executive Officer | Baycrest Centre For Geriatric Care | $738,507 |
| Rodney Phillips | President And Chief Executive Officer | Ontario Lottery and Gaming Corporation | $723,505 |
| Mary Haddad | President And Chief Executive Officer | The Hospital for Sick Children | $731,403 |
| Barry Mclellan | President And Chief Executive Officer | Sunnybrook Health Sciences Centre | $758,811 |
| Joseph Mapa | President And Chief Executive Officer | Mount Sinai Hospital | $706,666 |
| Murray Martin | President And Chief Executive Officer | Hamilton Health Sciences | $712,630 |