Why does BC Ferries CEO David Hahn make over $1-million a year?
Well, because the BC Ferries Services board gets to pick their own number. They came up with $1-million after advising their consultant to consider the salaries of CEOs at large corporations like Coca Cola, Ford, Nike, and McDonald's.
The BC Ferries Services board themselves also receive compensation "three to five times the amounts set out in a provincial Treasury Board directive to Crowns," according to B.C. Transportation Minister Shirley Bond.
That's obscene. So who oversees the BC Ferries Services board?
That would be the B.C. Ferry Authority Board, all nine of whose members are also directors on the ... wait for it ... BC Ferries Services Board, on which CEO David Hahn also sits.
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BC Ferries - Experience the difference™ ... that setting your own salary makes.
Thank you, Tyee. More from Laila Yuile.
