We've spilled much ink ruminating on BC Railway Co. president and chief executive officer Kevin Mahoney's compensation package. But, as reported today by the Times Colonist's Les Leyne's, Mr. Mahoney isn't the only one earning big bucks at that Crown corporation. All totalled, it's five highest paid executives - including the president and chief executive officer - made $1.6 million. To put that in perspective, that's 40 percent of the corporation's labour costs and 9 percent of its revenue. Mr. Leyne also reported the fact BC Railway executives have previously had discretionary allowances, as well as lunch club and golf memberships. But the corporation's board resolved to discontinue those policies on April 2, 2008.
July 23, 2008