ICBC Executives Make Drunken Sailors Blush
Hypervenomx proximo ic football trainers nike Mercurial Superfly V AG-Pro bennett once had a cabinet minister tell him he Nike Mercurial Superfly V AG-Pro would treat taxpayers’ money as if it were his own. “Oh, no, you won’t, Bennett said, “not as long as I’m premier. That money is tax money, it’s trust money, and I want 110 cents worth of value out of every dollar,
That’s a philosophy the overpaid executives at the Insurance Corporation of British Columbia (ICBC) have clearly failed to embrace. That shouldn’t be a surprise government monopolies are notoriously inefficient and expensive.
Despite the fact the number of frontline union Nike Mercurial Superfly V AG-Pro employees shrank slightly from 2007 to 2011, the number of managers at ICBC jumped 32 per cent 272 new manager jobs. These managers were some of the highest paid individuals in the public sector; senior management compensation has spiked 70 per cent since 2007, from $12.3 million to $20.9 million.
Five years ago, 14 ICBC employees made more than $200,000. Last year, 54 broke that threshold and the bank.
ICBC says it has frozen management pay in response to the review. That’s not good enough; an Nike Mercurial Superfly V AG-Pro immediate 15 per cent, acrosstheboard wage rollback should occur. If managers balk at the cut, they should be firmly reminded that ICBC has hypervenomx proximo ic football trainers been ordered to cut 135 management positions by June 2014, and those refusing rollbacks could be first on that list.
This bloating at ICBC all occurred during one of the worst recessions in history and, along with declining investment revenue and increased claim payouts, led to ICBC raising its basic insurance rates by 11.2 per cent this year. Hydro’s, where a review last August revealed a “gold standard” corporate culture, 99 per cent of employees cashing in on bonuses and rising debt.
The review revealed that ICBC uses the Canada Mortgage and Housing Corporation (CMHC), the federal government and the Alberta government to set their pay grades. government or private insurance companies. This is another good reason for a Compensation Equity Act, which would force government to take tough negotiating stands with all public workers and bring their salaries and benefits back in line with those earned in the private sector.
One thing is certain: a lot of work has to be done at ICBC before taxpayers can trust we’re getting 110 cents worth of value out of every dollar we pay them Nike Mercurial Superfly V AG-Pro.