ICBC, the people of BC's public insurance company have paid out incredible bonuses to its executive and staff. In all $18 million was to be paid out, $10 million going to 750 managers and executive officers. The company said bonueses are being paid out due to ICBC's most profitible year ever.
The company credits good weather for the profit. So one is left wondering what anyone at ICBC management did to deserve such whooping bonuses. Are they taking credit for being good money managers? For implementing programs that reduced accident rates? The answer is clearly no.
Have you had enough tells it like it is here
ICBC Pays Bonuses as Insurance Rates Do Not Go...
Yesterday it became public knowledge that ICBC intends to pay their management team bonuses of up to 45% of their ...
ICBC pays out millions in bonuses CBC British Columbia, Canada - 24 Mar 2005 The performance bonuses range up to $64,000 for the Chief Operating Officer. But the top executives aren't the only ICBC employees receiving extra money. ...
Consumers' Association of Canada: Consumers’ Association demands ...... FOR IMMEDIATE RELEASE March 7, 2005 Consumers’ Association demands ICBC Reduce Auto Insurance Rates for BC Drivers in Response to ICBC’s Record Profits ...
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