Wes Sheridan's new job raising a few eyebrows on P.E.I.

Teresa Wright
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FILE PHOTO: Finance Minister Wes Sheridan looks toward his Liberal colleagues as he delivers the 2014 budget speech.

Too cute by half, says Opposiiton, on employment with former vendor of financial services to government

P.E.I.’s former finance minister is working in a familiar area but in a new location.

Wes Sheridan, who served as finance minister in Prince Edward Island from 2007 to 2015, is now working as a pension investment consultant with the firm Morneau Shepell in its Halifax office.

Sheridan, who resigned from office in February 2015, says his work on pension reform in P.E.I. provided him with the expertise and experience needed to now work with the actuarial firm’s pension investment team.

SEE ALSO: Bill Morneau becomes Canada's finance minister

The company worked with the P.E.I. government in 2013 on an overhaul of its two public sector pension plans.

“Just the extensive work they did, not only in P.E.I., but in New Brunswick with the shared risk program they brought forward, they’ve just been innovators right across the board,” Sheridan said.

“The opportunities and the excitement of what we can do in that field is what led me to want to make this move.”

Opposition finance critic Darlene Compton says this news will raise a few eyebrows among Islanders.

“Morneau Shepell worked with minister Sheridan throughout his eight years as finance minister, so it does raise some questions as to how he’s now employed with them,” Compton said.

“It’s too cute by half to see a major government vendor that has now employed a former cabinet minister, especially so close to his political career ending and given their previous business relationship.”

Sheridan said he did not begin working for the firm until Sept. 1, which was after the six-month cooling-off period for cabinet ministers outlined in the Conflict of Interest Act.

“You have to remember that P.E.I. was a client of Morneau Shepell’s long before I came to government and will be long after and continue to be,” he said.

Sheridan and his wife are now renting a place in Halifax, but have kept their P.E.I. home where they enjoy visits with their new baby granddaughter.

He says he is still getting used to waking up and not seeing the beach, as he did while living in Sea View.

“It all takes time for an old dog to change to new tricks, but the actual work part and the excitement of being part of something as grand as Morneau Shepell has been really interesting.”

twright@theguardian.pe.ca

Twitter.com/GuardianTeresa

 

 

Geographic location: Prince Edward Island, Halifax, New Brunswick Sea View

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Recent comments

  • izzy
    January 18, 2016 - 11:30

    What a rush to condemn and the peanut gallery sucks it up as usual. Another example of "gotcha" politics and infotainment rather than news. Unless she has something to substantiate any claim of wrongdoing, Darlene Compton should have nothing to say; nor should the Guardian.

  • Matt
    January 18, 2016 - 07:22

    Such a Arrogant man.

  • david
    January 18, 2016 - 02:19

    I think the main thing people should realize is that he is GONE from PEI and from politics never to return. This is the best news PEI could ever hope for because we could have ended up with him in some Federal appointment where he actually had some control over something which would be a disaster as was his handling of the PEI finances. He is gone and will never be back so lets just be happy in this fact. Too bad he could not also taken the rest of conspirators namely,Ghiz,MacKinley, Betram with him.

  • Politics complaining does nothing
    January 17, 2016 - 20:01

    Just good old politics folks ,all parties do it,why do people contribute , work the elections,carry the banners,praise the party policies ..poltics= money and appointments.....good old politics and the rewards of being in the know and close to the action.....Sheridan did nothing wrong,he may have left a legacy but he is allowed to seek employment where ever he wants....so complain and move on ,it is the culture of this island ....the have and the have nots...until their party gets the reins again be it Provincial or Federal ...and also municipal.

  • MFH
    January 17, 2016 - 15:10

    Nothing to be surprised about, given the depth of corruption that was common with the Ghiz government. These guys brought new meaning to the term " old boy network "

  • Why aren't there conflict of interest rules?
    January 17, 2016 - 14:07

    So why exactly isn't this considered an egregious violation of the conflict of interest rules for MLA's? MPs and MLAs in every federal or provincial legislature should be prevented from gaining employment for a period of at least 5 years after leaving office with an organization where they could have gained influence while in office. That's exactly the case here. What Mr. Sheridan has done is blatantly illegal and immoral and he should be punished as such. I say remove HIS public pension. 100%

  • Announced
    January 17, 2016 - 13:47

    Heard about this 3-4 months ago

  • SlyFox
    January 17, 2016 - 12:16

    I hope he is not on their accounting team.LOL

  • love it
    January 17, 2016 - 11:26

    old dog, new tricks lol

  • Fitting
    January 17, 2016 - 11:04

    He got one thing right.....'old dog'......

    • don
      January 17, 2016 - 11:57

      just wait till the next election im sure wes will run again.

  • Did We Expect Anything Else
    January 17, 2016 - 10:36

    Just what else did we expect ?????? Of course these past politicians will all be looked after by the people they dealt with in the past . ha,ha Ghiz is next - but I'm sure he will be given a much bigger plum since he overseen the raping of the province . This is nothing NEW - been going on for years & we condone it by voting in a similar bunch , just different names with the same integrity . As the old saying goes , when you do the same thing over & over - why expect a different result .

  • Wayne
    January 17, 2016 - 09:56

    So when does he start paying double property tax.

    • don
      January 17, 2016 - 11:55

      he has new tricks. i am sure he has enough money he made from the e gaming and pnp. he will not pay double tax as he and the gang im sure they are protected from that. he stepped down due to his wife but gee he seems to be ok now. i think wes like a few other millionaire liberals got out before they were voted out.

  • no thanks
    January 17, 2016 - 09:43

    liberals,conservatives - ghiz,sheridan , crane, ----------they want your vote before the election and your money after the election -- politicians have outlived their usefullness -- every elected politician should take note of the u.s. election campaign --- when Trump is looking good to the electorate , it shows just how corrupt, sad and hated politicians are

    • Garth Staples
      January 17, 2016 - 13:01

      And what is so vile and wrong about Trump?

    • no thanks
      January 17, 2016 - 16:47

      to garth staples ---those are your words ,-- i'll spell it out for you -----Trump is definitely not a politician ,i say, and this accounts for much of his appeal

  • Mary
    January 17, 2016 - 08:45

    The best move the liberals ever made was to get rid of this guy! To bad they let him convince cabinet on passing through the house a couple of bills before he left that we will live with for a long time! If they want him they can have him!

    • martin
      January 17, 2016 - 12:37

      Wes was told what to do by Ghiz and back room boys, but wasn't smart enough to know better. I am sure he won't be long in this new position if he has to think.

  • johnthames
    January 17, 2016 - 08:37

    Nice boy, bout as sharp as a sack of wet mice.