ICBC situation
boggles reader’s mind
Wow, the CEO of the Insurance Corporation of B.C. has 23 vice-presidents to help him manage his 5,000 employee empire.
Even U.S. President Barack Obama runs a country of approximately 312 million people with only one vice-president.
After the audit of ICBC and its scathing review, the CEO of ICBC tendered his resignation and indicated he would leave by November of this year. He is, however, willing to remain on as a consultant and collect his full salary and bonuses of approximately $485,500 until June 2013. Considering the mess ICBC seems to be in, why do we need any more of his consulting assistance?
It is also very difficult to comprehend that it is going to take up to two years to eliminate 200 positions from this B.C. corporation seemingly bloated with upper management.
Martin Battle, Victoria
