Hot wheels!

Larry Blain, the chief executive officer and president of Partnerships British Columbia, didn't just make $519,448 in the fiscal 2004-05. As first reported by Monday Magazine's Russ Francis last year, his contract also includes a $10,000 annual car allowance. But what you may not know is that that allowance is better than the average provided to chief executive officers in the private, public and non-profit sectors.

According to a letter sent to the Crown-owned company's then corporate and government relations vice-president Suromitra Sanatani by Western Compensation and Benefits Consultants, "automobile benefits are an executive perquisite commonly provided by organizations…In the case of the Chief Executive Officer, about 30% of the employers provide a car (average value of $61,362) and the remainder provide a monthly car allowance (average of $8,991 per year).” Although, the consultants noted automobile benefits provided by "private sector companies or larger public sector organizations” would "likely be higher.”

As a result, it looks like Partnerships British Columbia is paying an additional $1,009 for Mr. Blain's ride. The following is a complete copy of that letter, which was obtained by Public Eye via a freedom of information request.

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Appendix A

Western Compensation and Benefits Consultants

Suite 2000, 1188 West Georgia Street
Vancouver, British Columbia V6E 4A2
Tel: 604-683-9155 Fax: 604-687-2315
www.wcbc.ca

Barry D. Cook
B. Comm., M.B.A., C.M.C., C.H.R.P.
Direct: (604) 683-9155
E-mail: barry_cook@wcbc.ca

August 17, 2005

PRIVATE & CONFIDENTIAL

Ms. Suromitra Sanatani
Vice President, Corporate & Government Relations
Partnerships British Columbia
1250-999 West Hastings Street
Vancouver, BC V6C 2W2

Via E-Mail [suromitra.sanatani@partnershipsbc.ca]

Dear Suromitra:

Re: Automobile Benefits

Further to my recent discussions with you, we are forwarding you this letter with regard to the provision of automobile benefits for executive positions.

Automobile benefits are an executive perquisite commonly provided by organizations. This benefit can involve the provision of an emloyer-owned or leased vehicle (including operating, maintenanc and insurance costs), or a monthly car allowance. The trend, however, has been in the direction of a higher proportion of employers providing car allowances.

To provide you with some idea of the quantum of this benefit, we have reviewed information in our Firm's Executive Compensation Database. In the case of the Chief Executive Officer, about 30% of the employers provide a car (average value of $61,362) and the remainder provide a monthly car allowance (average of $8,991 per year). The average car allowance for other executives is $7,378 per year.

When reviewing the above information, it must be kept in mind that our overall Executive Compensation Database is comprised of one-third public/not-for-profit organizations and two-thirds private sector companies. If we were to confine the analysis to only private sector companies or larger public sector organizations, the quantum of the automobile benefits provided would likely be higher.

Please call me if you wish to discuss this letter.

Yours sincerely,

Barry Cook

Barry D. Cook

5 Comments

An "average value" of $61,000 is a bit much, which is in the luxury car market. It's obvious why that statement was put in. It so to say "the private sector provides corporate cars on average of $61,000", but it's only 30% who is that 30%?

A better cost saving would be to amortise the cost of driving his own vehicle and compensate for
insurance, a set amount for gas, etc.

A car allowance, or a vehicle of $24,000 to $25,000 would suffice, but $61,000? A bit much
and certainly not both.

He's getting quite a bit as it is.

These "compensation packages" tend to build and build to ridiculous levels to the point whereby
"Mark at Wesayso Corporation got a nice car and
an allowance, so I want one too"

Nice work if you have the right friends and thi9s gang is worried the awful NDP are suggesting a 10 dollar minimum wage. Ruin business, too expensive etc etc.

The whole point of P3’s and Partnerships BC is supposed to be better value for money with our taxdollars. How is it that a guy making over a half million a year can’t afford to drive his own car with that size of a paycheck ? Where is the value in this ? This guy runs a taxpayer financed monopoly and then bilks us for an extra $10K a year to drive a luxury automobile. What a load of bull.

No kidding.

And he doesn't have his eye on a mint condition 97 Volkswagen either.

I'd say to him, here's the keys to the 2004
Chevrolet Caprice we got for ya. Take it and get out.

The whole point of P3’s and Partnerships BC is not better value for money with our taxdollars. It is pork for private profits and the privatization of as much of government as possible. You have to look beyond the Liberaltarian's Orwellian language to know what is really going on.

Is everyone okay with the Americanization of our social system? This is what is happening.

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