BC Ferries Board of Directors awarded top Executives bonuses after posting a $15-million surplus last year, even though the subsidy from taxpayers was increased by $21.5 million.
We already provide more than $150 million in annual funding. In 2002 when still a Crown corporation, it was $73.85 million.
They are awarding themselves a bonus from our tax dollars, and they still can’t run the company while making a profit.
Transportation Minister Todd Stone isn’t going to do anything about it except ask them nicely to stop.
Tell me again why BC Ferries was quasi-privatized? In 2002, Minister Judith Reid said the reason was to ensure a safe and reliable ferry system that provides superior service to British Columbians while ensuring no financial risk to taxpayers.
Premier Christy Clark’s government keeps telling us that outrageous salaries and bonuses are necessary because we need to attract and keep the “brightest and the best.”
Really? The top three guys each make more than the president of the United States. And now we are facing ridiculously high fares, declining ridership, broken ferries, and service cuts.
I’d say these guys need to be tossed, not rewarded.
Cheryl Baron, Maple Ridge
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