Tuesday, May 17, 2011

B.C. Hydro high-flyers consume your money

If a company in the private sector pays huge salaries to its workforce instead of investing in infrastructure to serve its customers, the company's share price would go down and it would eventually either go bankrupt or be taken over by a corporate raider.

Organizations in the government sector don't have share prices and don't need to worry about raiders. This means priorities in the government sector are very different from those in the private sector. B.C. Hydro is a case in point.

Read the whole story here.

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