You don't often expect compensation packages for the provincial government's top bureaucrats to be reduced. But that's what happened to Partnerships British Columbia chief executive officer Larry Blain in March 2007. That's when the company's board directors reduced Mr. Blain's short-term incentive pay from 50 to 30 percent of his salary. This, after a biennial external review found such a reduced bonus would be more in-line with comparable executives. As a result, Mr. Blain's short-term incentive pay for fiscal 2007/08 was $105,000 rather than $143,400 he received in 2006/07.
July 6, 2009