POLITICS

Pay for former BC Ferries boss David Hahn tops $1 million, salary documents reveal

06/28/2012 07:40 EDT | Updated 08/28/2012 05:12 EDT
VICTORIA - Former BC Ferries boss David Hahn was known as the million-dollar man, but salary documents released Thursday show he was making even more money when he retired last year.

BC Ferries executive pay documents for the fiscal year ending March 31, 2012 show Hahn's total pay, including bonuses and pension entitlements, amounted to $1.13 million.

Hahn officially retired as of Dec. 31, 2011, but the $1.13 million he earned shows up on the 2012 fiscal year-end accounting.

The financial statements also reveal that the corporation's top four executives, including Hahn, received bonuses that total almost $1.7 million.

Current BC Ferries President and Chief Executive Officer Mike Corrigan was paid $915,615 in the 2012 fiscal year, but next year his total salary will be about $564,000 under salary restructuring and cost-saving plans announced last year.

BC Ferries reported net losses of $16.5 million last year, while vehicle traffic hit a 13-year low and passenger trips dipped to a 21-year low.