Winnipeg Free Press - PRINT EDITION

Investment group's ex-CEO seeks damages

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ALLAN McLeod, the former CEO of Tribal Councils Investment Group, has taken to the courts to try to obtain damages after being fired earlier this year.

McLeod worked at TCIG since the company was founded in 1993 and had been its CEO since 2002. He was suspended in late March when a special shareholders meeting elected a new slate of directors.

McLeod was terminated about a month later.

McLeod is claiming damages for salary and benefits he says he has coming to him according to an employment agreement he had with the company.

The statement of claim says the terms of the employment agreement run until Dec. 31, 2025 and in the event of termination he is owed an amount "equal to 100 per cent of his total compensation for the remainder of the term."

Other benefits he claims are included in the employment agreement are a retirement pension, a board retirement allowance and un-described benefits.

 

-- staff

Republished from the Winnipeg Free Press print edition June 25, 2013 B6

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