Ferries bosses don’t deserve bonuses

With B.C. Ferries, this is hardly a case of a ‘bonus,’ but an ‘entitlement.’

To the Editor,

Re: Ferries execs get bonus cheques, Aug. 27.

The original use of the term ‘bonus’ was if an employee was successful creating more profit for the business, a bonus was awarded, i.e. sharing of the profit.

With B.C. Ferries, this is hardly a case of a ‘bonus,’ but an ‘entitlement.’

Government, and government corporations generate no money, but live on the taxpayer dole; entitlement is standard of such organizations.

As for B.C. Ferries, the chairman rambled on about profit when he does admit traffic – which pays the bills – is down. Somehow this justifies massive management rewards.

Executives reporting to stockholders succeed or get fired. Ferries bosses get paid by the taxpayers, who cannot fire incompetents.

D.F. Connorsvia e-mail