Back in January, our No TransLink Tax campaign cheekily dubbed then TransLink CEO Ian Jarvis the "face of the waste." Grossly overpaid compared to his peers at other North American transit agencies, we ventured that Jarvis was not worth the money. The TransLink Board ended up dumping Jarvis, shunting him (at full salary) into an advisory role and bringing in another expensive CEO.
Last week, once the votes were safely in, TransLink released its 2014 executive compensation report. Guess what? Jarvis, in a year where SkyTrain was crippled in two highly embarrassing shutdowns, got more money than in 2013. Of course, this document doesn't make that clear - pinning Jarvis's total compensation at $440,225.
But check out the tiny asterix: the total doesn't include a $43,400 bonus. So Jarvis actually got $483,625 last year.
These documents are almost TransLink fan fiction. CFO Cathy McLay appears to have eaten a big pay cut - from $383,905 in 2013 to $354,460 in 2014. One problem: that $354,460 is still much higher than the $330,753 she made in 2012.
Doug Kelsey, who was demoted from COO to SkyTrain president, also saw a pay dip, TransLink pretends. Kelsey went from $377,702 in 2013 to $355,442 last year. But this is misleading too: former SkyTrain president Fred Cummings made far less: $321,736 in 2013 and $293,444 in 2012.
You'll also note that the CEO gets $1,200 a month in car allowance, while the other executives have to make due with $950 a month. And the CEO gets a $2,500 per year "wellness allowance."
Here are the documents:
2014 TransLink executive compensation
2013 TransLink executive compensation
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