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09-22-2009, 08:05 PM
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#1 | | I only answer to my username, my real name is Irrelevant!
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| Crown Corporations (icbc, hydro) buying up Olympic Tickets
Quote:
VANCOUVER (NEWS1130) - People on the street don't think it's a good use of money. News1130 chatted with people on Broadway in Vancouver who are not pleased to find out B.C. Crown companies will spend over a $1 million to buy Olympic tickets.
Many felt crown corporations should be looking at ways to cut our insurance or hydro rates instead of spending money on Olympic tickets. Hydro has defended its ticket purchases by saying most will be handed out as gifts to customers who have done a good job of reducing their power use.
ICBC says its tickets were bought from the sale of optional insurance and not from basic premiums. The NDP says with so many program cuts in BC, the money should have gone to something more worthy than tickets and a luxury box at GM Place.
| http://news1130.com/more.jsp?content...22_164805_8156
oO
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09-22-2009, 08:08 PM
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#2 | | Registered User
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wtf, way to waste money
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09-22-2009, 08:22 PM
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#3 | | Banned (ABWS)
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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
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09-22-2009, 08:23 PM
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#4 | | Rs has made me the woman i am today!
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is this really newsworthy? we already know they're crooks..haha
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09-22-2009, 08:38 PM
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#5 | | My homepage has been set to RS
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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.  | |
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09-22-2009, 08:44 PM
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#6 | | Banned (ABWS)
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I think ur dad sold me a write off but removed it from the vehicle claims history... send him to the richmond oval!
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09-22-2009, 08:54 PM
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#7 | | private modder
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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.
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09-22-2009, 08:55 PM
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#8 | | F**K YOUR HEAD
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| Quote:
Originally Posted by falcon  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. | 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  | |
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09-22-2009, 08:56 PM
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#9 | | Ask me about how I answered the question "How fat is TOO fat?"
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tell your dad im ok with being 50% responsible for sticking my foot up his ass
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Originally Posted by toyota86 the guys over at lambo vancouver said there are 60-70 pre-orders already. don't quote me though. | | |
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09-22-2009, 09:00 PM
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#10 | | Orgasm Donor & Alatar owned my ass twice!
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Originally Posted by ilvtofu 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 | His dad is an actuary. He decides your rates. He is also a ICBC lawyer part time.
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09-22-2009, 09:10 PM
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#11 | | My homepage has been set to RS
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Originally Posted by Eff-1 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. | 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.
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09-22-2009, 09:22 PM
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#12 | | Rs has made me the man i am today!
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^ especially when the province is in a big enough deficit as it is.
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09-22-2009, 09:30 PM
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#13 | | ah_some
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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?
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09-22-2009, 09:36 PM
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#14 | | I don't get it
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Originally Posted by misteranswer His dad is an actuary. He decides your rates. He is also a ICBC lawyer part time. | then he should buy his own tickets
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09-22-2009, 09:51 PM
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#15 | | private modder
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Originally Posted by ajax 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. | 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.
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09-22-2009, 10:03 PM
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#16 | | My AFC gave me an ABS CEL code of LOL while at WOT!
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no wonder a lot of ppl couldnt get tickets
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09-22-2009, 10:08 PM
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#17 | | I only answer to my username, my real name is Irrelevant!
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yeah they probably took up all the gold medal hockey tickets
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09-22-2009, 10:40 PM
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#18 | | Rs has made me the man i am today!
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didn't ICBC came up with a huge surplus year after year. Guess they gotta spend their money somewhere. Damn it!
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09-22-2009, 10:45 PM
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#19 | | Rs has made me the man i am today!
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Originally Posted by The_AK tell your dad im ok with being 50% responsible for sticking my foot up his ass | +1  | |
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09-23-2009, 10:39 AM
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#20 | | Banned (ABWS)
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| Quote:
Originally Posted by Eff-1 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. | 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.
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09-23-2009, 01:01 PM
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#21 | | I contribute to threads in the offtopic forum
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| Quote:
Originally Posted by Eff-1 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. | lowest common denominator = the province readership
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09-23-2009, 03:16 PM
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#22 | | I have named my kids VIC and VLS
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Good, driving up prices
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09-23-2009, 04:28 PM
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#23 | | My homepage has been set to RS
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Originally Posted by ilvtofu 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 | 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.
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09-23-2009, 05:54 PM
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#24 | | My homepage has been set to RS
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Originally Posted by Eff-1 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. | 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.
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09-23-2009, 08:38 PM
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#25 | | I only answer to my username, my real name is Irrelevant!
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Originally Posted by Hondaracer Good, driving up prices | 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
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