|BC Ferries management - sailing away with your money.|
There's no other way to describe BC Ferries' decision to pay new CEO Mike Corrigan $563,000 a year to run a monopoly service.
And to put the proverbial lipstick on a pig, BC Ferries thinks it's great news for long-suffering customers that they limited Corrigan's salary package to just 60% of what $1 million a year current CEO David Hahn has been making!
Even BC Transportation Minister Blair Lekstrom - who is ultimately responsible for this travesty - can't stomach that amount of money.
Not sure? Let me spell it out - this is completely unacceptable. And doing nothing about it - which so far is Lekstrom's plan - is more evidence the government is completely adrift.
Let's compare Corrigan's $563,000 to the salary of the top paid health care CEO in 2010 - Provincial Health Services Authority CEO Lynda Cranston - who made $390,110.
That's for a job with people's lives on the line - not passengers in a line for burgers and fries.
I think Cranston is also overpaid - but she still made $173,000 less than Corrigan.
The PHSA has a budget of over $1 billion annually and employs over 10,000 people, including doctors, specialists, medical technicians and other staff.
BC Ferries annual budget is about $757 million and has less than 5,000 employees.
I have nothing against Corrigan, who I've never met, nor do I blame him for making as much money as he can from BC Ferries.
But the owner of BC Ferries has a lot of nerve paying him this much - that would be the BC government, Premier Christy Clark - proprietor.