The payout and relationship that led to crisis at a pension plan episode artwork

EPISODE · Feb 24, 2026 · 22 MIN

The payout and relationship that led to crisis at a pension plan

from The Decibel · host The Globe and Mail

It began with three executives from the CAAT Pension Plan raising concerns over a $1.6-million vacation payout and a relationship between the CEO and an employee. That has now led to a ‘full-blown crisis over governance,’ with nearly all of the senior leadership team changed or gone, including the long-standing CEO who’s on administrative leave. The Globe’s institutional investing reporter James Bradshaw has been covering the turmoil at CAAT. Today, he explains how these issues led to such turbulence and why it’s so important to have steady leadership at one of Canada’s big pension plans. Questions? Comments? Ideas? E-mail us at [email protected] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

It began with three executives from the CAAT Pension Plan raising concerns over a $1.6-million vacation payout and a relationship between the CEO and an employee. That has now led to a ‘full-blown crisis over governance,’ with nearly all of the senior leadership team changed or gone, including the long-standing CEO who’s on administrative leave. The Globe’s institutional investing reporter James Bradshaw has been covering the turmoil at CAAT. Today, he explains how these issues led to such turbulence and why it’s so important to have steady leadership at one of Canada’s big pension plans.

NOW PLAYING

The payout and relationship that led to crisis at a pension plan

0:00 22:35

No transcript for this episode yet

We transcribe on demand. Request one and we'll notify you when it's ready — usually under 10 minutes.

Frequently Asked Questions

How long is this episode of The Decibel?

This episode is 22 minutes long.

When was this The Decibel episode published?

This episode was published on February 24, 2026.

What is this episode about?

It began with three executives from the CAAT Pension Plan raising concerns over a $1.6-million vacation payout and a relationship between the CEO and an employee. That has now led to a ‘full-blown crisis over governance,’ with nearly all of the...

Can I download this The Decibel episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.
URL copied to clipboard!