robinson@ubc-ean.CDN (Jim Robinson) (10/16/84)
*
While reading the Globe and Mail on Saturday I came across an interesting
little fact of which I was previously unaware. Namely that one
Bryce Mackasey at present receives a pension from Air Canada of $24,000
a year. Perhaps if Mr. Mackasey had put in a few decades with the
company I would not now begrudge him this money, but when one considers
that he had been chairman of the airline for only **9 months** it kinda
makes you stop and think.
I could have understood giving Mr. M some severance pay as he was basically
being fired for being in the wrong party. ( Apparently he waived this )
But, to give the man $24,000 a year for the rest of his life for only
nine months of service is ludicrous at best.
If someone could offer a justification for this I would very much like
to hear it. However, at this point I can not see any and considering
that Air Canada is a Crown Corporation I must admit that after my initial
shock I am not really surprised.
One thing you can say about politicians - they sure know how to look
after their own.
J.B. Robinsonchrisr@hcradm.UUCP (Chris Retterath) (10/17/84)
> One thing you can say about politicians - they sure know how to look > after their own. > J.B. Robinson I agree totally. For an even more obscene example, look at the indexed pensions received by all MPs. Civil servants also get indexed pensions. Civil servants are forced to make large contributions to their pension funds, but of course general tax revenues are always around to take up the slack. MPs do not make such large contributions, and consequently their pensions are totally inexcusable, in my opinion. Insurance people get the most upset when I discuss this with them, but I have yet to meet ANYONE who agrees with this setup. Is there anyone on the net who has a prevailing argument? I would like to hear it! -- Chris Retterath {decvax,utcsrgv,utzoo}!hcr!hcradm!chrisr also available: ....!cygnus!chris