Crown Corporations (icbc, hydro) buying up Olympic Tickets
 

http://news1130.com/more.jsp?content...22_164805_8156

oO

wtf, way to waste money

of course.

they spend OUR money to send THEIR execs and 'good customers' (meaning, friends and family) to the olympics, and we get screwed into spending OUR money AGAIN to go to the events, while the 2 beside you were sent to the games on YOUR dime.

FUCK ICBC and HYDRO and TRANSLINK and the CANADA LINE

is this really newsworthy? we already know they're crooks..haha

yes... thank you dad for sticking it out for the last 34 years at ICBC (note: the company has been around for 35. He is one of approx 20 people that have been there that long). I look forward to my free tickets.


OHHH... I'll throw my suit on and let the flaming begin. :D

I think ur dad sold me a write off but removed it from the vehicle claims history... send him to the richmond oval!

at the end of the day, these corporations are just that: corporations. and guess what. corporations spend money on events and hospitality. that includes sponsorships, tickets, and entertainment for their employees, customers and stakeholders. it's part of doing business.

this is just one of those news stories designed to rile up the lowest common denominators-- along with the people who don't really understand how the world works.

I don't think it's your dad's fault I can't afford my insurance, so I'll let you go watch the olympics in peace :)

tell your dad im ok with being 50% responsible for sticking my foot up his ass

His dad is an actuary. He decides your rates. He is also a ICBC lawyer part time.

But they are still different from a regular corporation, I dont know people who have shares in ICBC. Since they're a government corp, people expect them to pass savings to the people.

^ especially when the province is in a big enough deficit as it is.

b/c ICBC are sponsors of the olympics?
and the money that they made from the olympic plates most likely had a big part in this?

then he should buy his own tickets

We don't own shares, so they don't owe us anything in the form of dividends or savings. Their goal is to run a profitable insurance company. Those profits are either re-invested in the organization, or used to mitigate future rate increases to stay competitive with others who sell optional coverages.

no wonder a lot of ppl couldnt get tickets

yeah they probably took up all the gold medal hockey tickets

didn't ICBC came up with a huge surplus year after year. Guess they gotta spend their money somewhere. Damn it!

+1 :haha::haha:

They are not corporations in the traditional sense. ICBC sells insurance that is government mandated. We have no choice but to buy it from them, thus why they had to say explicitly "did not come from sales of basic insurance" which I doubt.

Same with Hydro, Translink, ... there's no real alternative, so these are essentially crown corporations and should not be rewarding employees or customers, they should be cutting costs.

lowest common denominator = the province readership

Good, driving up prices :)

lol... well he acutally has NOTHING to do with any of the insurance. He manages all of the networking/computer/ph systems etc.. basically all the shit they need to run the company.

He's never worked for claims.

Re-invested by buying Olympics tix? Since they basically have a monopoly on the auto insurance in BC and they're government run, this is not a good way to spend money. Pass the savings onto the consumers, especially with the huge surplus they had.

or like with World Cup tickets, it just means more tickets for sale... saturating the market :(


figure out a way to sell them yet? since they seem to have ebay/CL covered