Advertisers


July 23, 2008
Well worth the money?

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.

Posted by Sean Holman at 10:13 AM
Permanent link

My gosh we sure arn't in the right position to get big bucks for what seems to be little work. Actually I find it downright insulting that our government allows such things.Then twists words to try to justify it. Heck social programs are cut, schools closed, and the list goes on while fat cats make those wages. Sure executives cost more than basic hamberger flippers but let's get sensible. But if we have all that cash available sign me up and I'll make sure the E & N goes by our place on time each day.Some body has to ensure the flashing lights work, and that somebody could be me. I would do the job for around 100,000 with no additional benefits.

Posted by Avoter on July 23, 2008 03:19 PM

Thanks for signing in, . Now you can comment. (sign out)

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)


Remember me?


wanted: hearsay & innuendo Site Search

category archives

Allan Warnke
At the Rockpile
Bob Russell
Broken News
Creatures of Government
Fighting Words
From the Gallery
Letter from the Editor
Loose Lips
Off the Hill
Public Eye Radio

monthly archives

July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
February 2005
January 2005
December 2004
November 2004
October 2004
September 2004
August 2004
July 2004
June 2004
May 2004

syndication

RSS 2.0
Atom Feed