
Province takes over Conestoga College after 'evidence of serious financial mismanagement'
The mismanagement includes a huge raise and equally huge termination payout to its former president, John Tibbits.
Shocking . . .
These decisions include members of the board’s approval of a 55 per cent salary increase to over $636,000 in 2024 for former longtime president John Tibbits, in addition to a termination payment for Tibbits that totalled 83 times the president’s monthly salary.
The audit also uncovered a $23,000 trip to Italy taken by three senior leaders, and other similar trips, where the school paid for business class airfare, luxury accommodations and premium transportation.
In addition, repeated, ineligible hospitality expenses were approved without proper oversight, including a $1,300 dining expense for internal staff, where 50 per cent of the pre-tax total was alcohol.