CEO loses fight for moving costs

Former boss turned struggling company around, but was let go with a million-dollar parachute
|Canadian Employment Law Today

A former president and CEO who was fired without cause from his job in Vancouver lost a bid to have his moving expenses paid when he relocated to Toronto.

Michael Cardiff was at the helm of Fincentric when he was dismissed without cause on Feb. 17, 2003. At the time, the company paid him more than $1 million in severance.

Cardiff contended that he was entitled to additional damages, including benefits and moving expenses, totalling a further $550,000. The company conceded more was owing, but said it was only about $330,000 and that Cardiff had no entitlement to moving expenses or benefits.