Category: bcIMC

Not-Net-zero, on steroids

If you are a member of a public service pension, you may know that retirement benefits have been cut in recent times. What has not been cut is remuneration of top executives at pension fund manager bcIMC, where it appears that compensation rises steadily, whether investment returns are good or bad.

Disvalue for money

In its last fiscal year, BC Investment Management Corporation (bcIMC) paid its top five executives $7.25 million. In its last fiscal year, Washington State Investment Board (WSIB) paid its top five executives $1.76 million. In Victoria, CEO Gordon Fyfe is paid almost five times the amount paid Gary Bruebaker, WSIB’s  Chief Investment Officer…

Executive sweet

Thousands of BC government employees lost jobs to privatization and service cuts. Even more lost income through reductions in employment and pension benefits and, with efforts to reduce public services continuing – […]

Pushing back on the pushback

Reprinted from August 2013: Anonymous reader argued through earlier comments that comparisons between BC Investment Management Corporation and Washington State Investment Board are inappropriate “apples and oranges.” The person attempted to justify […]

FYI

The tobacco industry is being sued by Canadian provinces that aim to recover more than $100 billion in healthcare costs associated with tobacco related illness. British Columbia is one of the plaintiffs. […]