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Does this story offend you?

Former Enmax CEO Gary Holden will receive more than $4.6 million in severance pay.

The city-owned utility made the announcement Friday afternoon.

Holden stepped down on Jan. 21, hours after CBC News reported on a trip he took to Monaco in 2008 that was provided by a German software company Enmax does business with.

That followed other revelations about his salary, perks and company parties he hosted at his house featuring Canadian rock stars.

Enmax said the amount paid out — $4,629,333 — was consistent with his employment agreement.

Perhaps we offend too easily, but as a taxpayer we find it offensive that a “city owned utility” has no problem with this.

[Mayor] Nenshi said the issue is whether or not the negotiated contract was appropriate in the first place.

Exactly! Can we do anything about Calgary? No, but one would think we could do something about similar inappropriate contracts and perks closer to home. The difference is only in amount.
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