The bonuses are gone this year for top B.C. Ferries, as the publicly owned company ratchets down perks paid to its senior executives.
B.C. Ferries released its top senior officers' salaries and other earnings Friday, a practice the public company follows annually.
When David Hahn resigned as CEO, Dec. 31, 2011, he was taking home $1.3 million.
His replacement, Mike Corrigan, earned $336,000 last year. This year it went up to $364,000, but a long-term incentive bonus worth $358,000 last year is gone.
Similar changes are listed for Glen N., Schwartz, vice president, human resources, and Robert P. Clark, vice-president and chief financial officer.
The pay cuts come as welcome news to many who share a concern about public transportation costs. "I think they're more in line with what the public is thinking they should be," said Mike Delves, past chairman of the Greater Nanaimo Chamber of Commerce, and an accountant.
Delves said it's a fine balance to attract qualified manager and control costs, but a good test is value for money.
"Are the boats still sailing? Are we getting our money's worth? I think to some extent we are."
Nanaimo NDP MLA Leonard Krog said fiscal restraint is good, but "inevitable" given the past outcry over high salaries and bonuses.
"You want to keep your eye on that over the next few years and see what happens," Krog said.
Parksville-Qualicum Liberal MLA Michelle Stilwell said government has made efforts to control its costs, and "we in government expect (B.C. Ferries) to follow suit."
Coun. George Anderson, city transportation committee chairman, said cuts are a "good thing, but I don't think they should have cut service to Vancouver Island or coastal communities."
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