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Originally Posted by tonyzoomzoom
Not nearly as brilliant as those translink execs who decided that fare gates aren't needed at the Skytrain stations and then later being surprised at the amount fare evasion that was going on. Needing to pay market rates to attract quality execs is just an excuse. No good exec in their right mind would want to work for a crown corp given all the political interference from the government. You take all the flak for all the stupid government decisions. What you end up getting are either execs from the bottom of the barrel, exec wannabe's, or friends of the government.
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First of all, what do you do for a living sir? I'd like to know how hard you tried in life before you can say that these executives are paid unfairly.
You're right, there are "good" and "bad" execs, but at the end of the day Translink still needs execs to run a company with an annual budget of almost a billion dollars. So if these are "bottom of the barrel" executives because nobody in their right mind would want to work for a government entity what's a fair salary? 150K? Translink CEO Ian Jarvis made $352,242 in 2010 (apparently 382,954 in 2012) and all the other execs probably make significantly less than him. That's not a lot of money for the amount of responsibility they have and there's only 6 other executives (according to their web page) so its not an excessive number. All the executives I personally know are always busy.
There are many transit police, glorified ticket checkers you could say, easily clearing 6 figures (59/169 officers and all made over 75k) with usually nothing more than a bachelors degree - which does not imply that you need top grades either. On the other hand, family doctors also make hundreds of thousands of dollars and nobody usually bitches. BUT BUT, its not okay to pay executives (many with professional degrees: CA, MBA, masters - which means their grades are usually good enough to get into medical school if they really wanted) at companies such as Translink who are responsible for running large companies in the salary range of 200-350k? Let me ask you, what's harder to manage, a clinic or a company with almost a billion dollar budget? Yes, doctors have some expenses, but there are even local family doctors that clear up to and slightly over 500k. Oh, and might I remind you that the majority of the taxes paid are from the high income earners. So that free health care you benefit from and your children's subsidized education, you can thank people like the Translink execs.