|1||SCHUBERT, Jon||President & CEO||449,201||55,570||504,771|
|2||KIRKNER, Art||V-P, Field Services||315,824||188,681||504,505|
|3||PRIOR, Geri||Chief Financial Officer||461,710||7,839||469,549|
|4||HORTON, Craig||Senior V-P, Claims||406,379||12,633||419,012|
|5||POSYNIAK, Len||V-P, Human Resources||348,021||40,751||388,772|
|6||WING, Donnie||Senior V-P, Corporate Affairs||371,382||12,334||383,716|
|7||EDDIN, Sheila||Chief Business Transformation Officer||358,454||16,588||375,042|
|8||MINOGUE, Camille||Chief Actuary||355,701||13,594||369,295|
|9||HESS, Fred||V-P, Driver Licensing||319,127||12,510||331,637|
|10||CHAUDHRY, Anwar||Corporate Controller||319,609||5,994||325,603|
|11||JARVIS, Brian||V-P, Claims||311,707||12,885||324,592|
|12||IRWIN, Kellee||V-P, Personal Insurance||289,082||27,821||316,903|
|13||STEWART, Keith||Chief Information Officer||312,441||1,064||313,505|
|14||SCHULZ, Jeff||Chief Customer & Marketing Officer||292,533||20,020||312,553|
|15||BROWN, Cindy||V-P, Communications||276,616||22,534||299,150|
The figures shown above were taken from ICBC “Statements and Schedules of Financial Information.” The numbers are incomplete and may not include all compensation, particularly when an employee has been on paid leave, salary continuance or is receiving severance pay. For example, Keith Stewart, who left his position January 13, 2010, is reported in the 2010 Executive Compensation Disclosure Statement to have total compensation of $498,764 as shown here:
Disgusting. Why is there 50 “excluded” costing us over 13 MILLION DOLLARS! It's time to get rid of the majority of the top. Unbelievable.
I first was going to show a list over $150,000 in 2010. There were too many people; the list seemed endless.
Two PR officers in the top 15, costing over $600 K? Sheesh!
Remember that the Campbell/Clark crime family plundered the ICBC reserve to the tune of more than $700,000,000 and dumped it into general revenue. Without that, the deficit would be 4 Billion instead of 3 Billion.
Well Norm you've pretty well proven that BC Hydro, ICBC and BC Ferries are full of BC Liberal Cronies whom are money junkies and in the case of BC Hydro and ICBC they are just cash cows to be milked dry by the BC Liberals because of their disasterous fiscal policies (or lack there of) of the last 10 years. Keep up the good work fo exposing these scoundrels as the the electorate is waking up to the rampant corruption that is the BC Liberal Party
I don't think it's the front end office staff and adjusters pulling in the big wages. Even at 25/hr they're making 42,000 minus taxes, deductions, 30. would be 50,400 minus taxes and deductions, but I don't think too many are making that. And their pension, etc. is nothing to what the top 50 will receive, or even the 150,000 plus will receive.
What an eye opener!! Thanks Norm..
ICBC is claiming their increase is due to higher body-injury claims.
I wonder how much the tactical position taken by making lower offers and fewer mediations has contributed to more litigated claims hence the increased payouts.
Too bad ICBC isn't modelled like the Manitoba Public Insurance;
Norman does this list include bonuses? What possible justification for these high salaries?
Did not ICBC have a huge surplus, that Campbell thieved? Like $778 million dollars.
The BC people, are now being forced to pay ICBC back, for the money Campbell thieved. Sort of like, the tax payers money that was thieved to pay the legal fees, for the two patsies that took the fall for, Campbell's theft and corrupt sale of the BCR. We paid Campbell for stealing from us. Campbell also thieved a, $60,000 per year salary hike, for his useless thieving self.
Same as Harper forcing the BC people to pay back the HST money, that he and Campbell thieved from us. An illegal tax, without representation.
ICBC's outrageous salary's are obscene. Just like the BC Ferries salary's, gold plated payouts and pensions. It is not the fault of the citizens, that ICBC squandered our money on themselves and Campbell. The gall of forcing citizens to pay 11% if they don't take out extra insurance. 3% if we do. What kind of extortion is ICBC pulling on the people?
The Campbell/Clark BC Liberals, sit there with their fingers up their noses, while every mode of transportation is being thieved from. Really good for, Christy's family's first. Out and out b.s.
KIRKNER, Art V-P, Field Services: Hired by Horton from New Jersey. Expenses $188,681.
That is why his expenses are so high.
HORTON, T. Craig was also hired from the US. He is from California and Washington DC. He use to run USAA which is a Military based US insurance Company.
The CFO paid more than the CEO?
What's that about?
How many of these postitions are new or since the Liberals took office?
Norm, you attend as “court reporter” and videographer…I walk in off the street and go head to head with one of the above mentioned in an interview for an upcoming opening …the only condition is no weight put on previous experience in similar positions…the interview and subsequent evaluation to be based on each of us articulating how we would accomplish the required duties. If I do half as good as my competition, I will settle for half the wage.
I guess incentives at ICBC are based on doing better than the competition. That is a mighty struggle, requiring the best and the brightest executives or at least people who think they are the best and the brightest.
I work as a Private Investigator in BC. ICBC's bodily injury claims have risen from $100 million dollars to $350 million dollars in the past 3 years since ICBC STOPPED INVESTIGATING claims. The brain trust decided that it's cheaper to pay out fraudulent claims than investigate them. As a result, taxpayers will continue to pay rate increases while ICBC ignores their MANDATE to investigate fraudulent claims. The PI industry has been devastated by the loss of work, to the detriment of the taxpayer.
Very interesting comment about fraud. I will pass it on to folks in Victoria and seek response.
The names may have changed, doesn’t matter. Clean up ICBC and start at the top. How many managers (CEO, COO, VP’s, CFO’s etc does one corp/co. need?). Time for pay reductions to those who remain in these top positions after the cull.
Front liners who actually deal with the people have had their positions slashed and earnings curtailed for years, licensing offices closed all over ever since the liberals came to power. Time to cleanse the corporation and downsize management jobs. Time to stop raiding our insurance premiums.
“Campbell required ICBC to keep much higher amounts of backup capital. The resulting stockpile proved irresistible to politicians in 2010 following the global financial meltdown, critics say, when the government began siphoning hundreds of millions of dollars of “excess capital” almost every year.
In all, the Liberals withdrew $1.2 billion from the lucrative optional side of ICBC’s business, and also transferred $1.4 billion to offset deficits on the compulsory side providing basic coverage beginning in 2012.”
There is no excuse for the above. It’s obvious I’m paying way too much for insurance. I don’t mind paying my fair share, but not to fill government’s general revenue with. I have the 40% savings, and each year my insurance continues to rise just to cover government revenue? Enough. This year it was over 150. STOP this insanity.
Time to investigate the fraud, go after those who should be paying more with poor driving habits (points) etc.
In as much as all the above, there may be more crashes etc., but the fact is, there are more cars, and the population driving has increased, which also leads to more premiums being collected. This occurs continuously over the years which means money keeps going in. As with a previous post, quit raiding the funds that we’ve been paying to put in to “General Revenue” for the government. This is not what I pay premiums for. Enough raiding!