Governments ” Bad News Friday” continues tradition with release of report that says: “…the board and executives at B.C. Ferries get paid too much and it’s too easy for officials to earn bonuses…”
It get’s even better.
B.C. comptroller-general Cheryl Wenezenki-Yolland released a report today, on the affairs and status of Translink and BC Ferries. The Sun has the full story HERE.
Among her findings:
TransLink is plagued by “significant operational issues” and has not done enough to manage its finances
(Remember, TransLink CEO Tom Prendergast just announced his resignation, and will be leaving for a big,cushy job in New York yesterday)
…president David Hahn’s compensation last year was more than double that at larger public sector bodies. Executive bonuses also were easier to attain than auditors would have expected…
The board’s compensation is also “excessive,” with a retainer that is three to five times higher than permitted at B.C. Crown corporations…
The auditors’ concerns were compounded, they said, by the fact that the board decides its own pay scale, and approves executive salary without proper accountability.
Heck! Decide your own pay and show no accountability for it? Where do we sign up?
No wonder we never have any bloody ferries running properly on long weekends and holidays.