"We found the compensation of the (British Columbia Ferry Services Inc.) executive excessive." That was one of the major findings in a report released today by comptroller general Cheryl Wenezenki-Yolland. According to the report, the ferry service justified those compensation packages by comparing their executives to those working for "large corporations such as Coca Cola Bottling Company, Ford Motor Company of Canada, Nike Canada Limited and McDonald's Restaurants of Canada." Which brings to mind a memorable scene from the British television show Yes, Prime Minister wherein a case is made to give senior civil servants a 43 percent pay raise by comparing their salaries to similar jobs in industry - namely the directors of BP and IBM. Fancy that!
November 6, 2009