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Next thing you know tranist will start taxing RS. Make a thread $5, make a post $3 fail/like a post $2. |
I read this in the paper yesterday and would acutally be totally for it if it actually meant all the proposed lines would be built. |
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Acutually reading all the posts again you all need to read the OP carefully. This is NOT Translink proposing the tax. Really guys, reading comprehension. |
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Side note Noticed the first column is up for the evergreen line the other day. :thumbsup: |
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The provincial government which has every political incentive to make Translink a scapegoat for its own failures to properly find a solution to transit funding performed an audit and found nothing glaring with Translink's finances, at least nothing worth causing a political fuss about. Mary Polak, the former transportation minister, said nothing about the audit which means that if the corporate fat was there, it would have been trimmed. And each time a thread like this comes up, it makes me wonder if people actually spend a few minutes on Wikipedia or on Translink's website to research the organization, how it works, etc. The fact that there are people here stating that Translink is a private company makes me wonder how people actually passed grade school. |
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In terms of providing practical services to the general public, it makes no sense to cut staff and services when reduction at the top can bring dramatically more savings. How many more bus drivers can we hire for $1M? 15 additional drivers, maybe? That should be enough to support an additional bus route if the frequency isn't too high. I'd much rather see that happening than to see the money lining these executives' pockets. |
The amount of non-information in this thread makes me want to punch a baby. If you guys haven't actually read the financial statements of Translink, then STFU about how it should spend its money. I have, so here's a TLDR: Translink had revenue of $1.42 billion dollars in FY2012. Translink had expenditures of $1.43 billion dollars in FY2012. They reported a loss of approximately 0.7% on revenues. Of their $1.43 billion dollars in expenses in FY2012, they spent 4% of it total on administration - including all these "overpaid executives" and every middle-level manager in a company that employs *6,100 PEOPLE*. To put this in perspective, they spent 13% of that total on interest on loans. Translink spent over 3 times as much on paying interest on the money it requires to build the infrastructure that everybody bitches about than every single administration cost to run the whole company. Translink has approximately 6,100 employees and an annual budget of almost $1.5 billion dollars. You can't just expect that you are going to attract a qualified CEO for $150k a year. CEOs of crown corps like Translink, BC Ferries, BC Lottery Corp, are all capable executives with long careers behind them that have many options, most of which are private companies can not only pay more salary but also cast the executive in much less public light. Lululemon has revenue almost exactly the same at about $1.4 billion per year and has less than half as many people employed - their CEO earns just a little over $3,000,000 per year - about 10 times what Translink's CEO does. I don't support bullshit artwork by a long shot, it's not in their mandate and shouldn't be a priority. But this thread is so full of people with their heads up their asses it's no wonder that more major decisions are not made by referendum and it's not so hard to see how the HST got repealed in the province. Mark |
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I personally believe that salaries should be capped at the mid 150K level, but I don't know much about the market for transportation CEOs. For comparison's sake, my partner's CEO makes in the 170K range working for a non-profit. He made millions working for private companies before working for the non-profit. |
the amount of money they spend on artwork should be redirected on cleaning up some stations. main street station would be my number 1 pick to clean up. i mean, you have lougheed looking nice and all and i don't recall artwork there. |
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It's hard to justify art because there's no money. On the other hand, when I travel to places like New York, or London, or even Toronto, having something different to look at when riding the rails is pleasant and says a lot about the city and its aspirations. |
^^^ except cities like New York and London have fully developed transit systems so they can afford to spend some money on art to make their stations more interesting. Vancouver's transit system is needs to be expanded to actually be large enough to service the population first, then spend money on art and other useless shit |
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My problem with translink is all this stupid tax being paid on gas to fund them and they are paying the CEO an insane amount of money and spending money on art for the stations. If they try and raise taxes I hope people actually start protesting this.. They should put the money they have towards improving actual transportation first before looking at decorating Posted via RS Mobile |
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at a minimum, translink should be regulated by a body like the Utilities Commission that approve expenditures for BC Hydro, Fortis, etc. right now, translink spends without any formal oversight. |
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Painting does require money. That's why I said in my original post that instead of using money for arts, they should use the arts money for bettering the station. Unless they are restricted to use that budget strictly for arts, then I don't know. Posted via RS Mobile |
But why does Translink want to expand? GVR doesn't have the population density to support a public transportation system that Translink has envisioned them to be one day. If they can't make money now, they would lose even more money once all the planned new expansion become operational. The maintenance cost alone would bankrupt the company (considering its capital). It has been on life-support long ago. It only survived due of being a crown corp. But it should find way to be financially responsible rather than always trying to find money money from tax-payers. |
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I 100% agree that Translink needs to be more financially responsible though. From their front line drivers to their office staff to the executives, it seems to me that their salaries are too high. And of course, their recent spending spree is probably indicative of their usual (lack of) financial responsibilities too. |
Although I agree on everyone's input on Translink's spending spree's, I also disagree with everyone's hate on the "high salary" issue. Now, I don't agree/disagree with what their rate of pay is, but the fact is, its a job. If you had a set of skills, and someone came along and offered a substantial salary increase over your present job or previous job, you would take it. You won't think twice about how that affects the company. Who in the right mind would cut their salary from a company that they do not own, to make the company financially better? I understand that if it was your own company, your own bread and butter, then yes, you would do that. It's easier for us to bitch about this because we're the ones ending up with the bill on paying for this system (regardless if you use it or not). Now if YOU were the CEO of Translink, it'll be more like milk this shit, fuck those bitches, get paid and :joy: |
A portion of that $100k is probably kicked-back to someone over at TransLink. Think about it, how could this statue cost $100k? That's a lot of money. Let's break it down, of course these figures are estimates: $35,000 price statue (materials, design, freight)(very generous estimate) $6,000 TransLink internal administration costs/project management $12,000 materials (foundation, pole, others), labour, equipment rental to install the statue $1,000 construction permit $15,000 consulting architectural engineer design $6,000 geo assessment, post construction safety inspection, certification That's $75,000 right there. Now if the artist charged $60k for the statue, that's $25,000 in money that could be split up and a portion of it given back to the decision maker at TransLink. "Thanks for hiring us, here's a token of our appreciate *$15k cheque*" Note: Some other articles quote the cost to be as high as $165,000 for the poodle statue alone |
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