» BC Ferries, Money, and the ‘Geist
Oh, noes. It looks like this blog front-ran the news again (emphasis added):
So: Does BCFS have any supplier/subsidiaries? Who owns them? How much are the directors and officers paid? Etc. That structure you’ve posted is so complicated that I guarantee it’s being abused (the fact that directors can appoint themselves seems designed for patronage).
In the oldmedia today:
BC Ferries head David Hahn is taking aim at a comptroller-general’s report that called him overpaid…
Alright, maybe not exactly front-running. Still, we intuited the existence of a scandal before it broke. What a shock: Excessively complicated governance structures are used to obscure allegedly abusive compensation practices*. Really, quite shocking. Can you tell how shocked I am?
Shocked.
:O
* I spit hot fire. Accusations are not guilt.
[...] this comes on the heels of the government announcing a reform of the Ferry company, perhaps for its compensation practices. At the same time, the province appeared to single out the quasi-independent B.C. Ferries [...]
BC Ferries Flexes Its Status… « MentalPolyphonics
16 Feb 10 at 3:29 pm