Alberta Fund’s Severance Costs Jump 383% After Executive Purge

Alberta Investment Management Corp. paid nearly C$6 million ($4.4 million) in severance and other benefits to a departing chief investment officer who was in the job for about 20 months.

Marlene Puffer left the public money manager last September, several weeks before the provincial government stunned staff by firing the entire board, Chief Executive Officer Evan Siddall and other executives.