Financial control woes present in Canada, too.

• Author: Marshall, Jeffrey
• Position: COMPENSATION - Tom Parkinson of Hydro One resigned after stealing company money - Brief article

Canada, it appears, isn't immune from U.S.-style imbroglios over inadequate financial controls and forced firings of CEOs involved in alleged expense problems.

In December, CEO Tom Parkinson of Hydro One, a taxpayer-funded utility in Ontario, resigned abruptly amid what news accounts described as "lingering accusations of expense-account irregularities." These included allegations of improperly charging more than $45,000 in expenses to his secretary's corporate credit card.

And there was a bigger issue: several days before he stepped down, Ontario Auditor-General Jim McCarter's annual report found $127 million in Hydro One corporate card charges that were approved without proper documentation.

Parkinson's four-year tenure in the top job at Hydro One, according to the Toronto Star, "ended much the same way as that of...