Thursday, October 07, 2010

 

Basi Virk Political Corruption Trial resumes the day after Thanksgiving

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The rich are different from you and me

Rod Mickleburgh
The Globe and Mail - Oct. 07, 2010


The Basi-Virk political corruption trial resumes the day after Thanksgiving. Be still my beating heart.

One assumes there will be further evidence of the astonishing sense of moolah entitlement displayed by BC Rail executives and directors, many of whom were appointed to the profitable, publicly owned railway shortly after the provincial Liberals swept to office in 2001.

Nothing wrong with giving someone big bucks to run a railroad, but once BC Rail’s main operations were sold to CN in late 2003, breaking a Liberal election promise, the dollars continued to roll on down the line. {Snip} ...

But the best was … get this. Before they hired on, BC Rail executives negotiated lucrative severance packages for themselves, in case the railway were sold.

And, lo and behold, guess who recommended to the government that BC Rail be put up for sale? Why, these same railway executives. Nice work, if you can get it. {Snippety hoo ha!) ...

To read more of Rod Mickleburgh's light-hearted Thanksgiving column, click HERE.


http://www.theglobeandmail.com/news/opinions/columnists/rod-mickleburgh/the-rich-are-different-from-you-and-me/article1748748/

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Comments:
Not sure if this is light hearted or a direct result of the Campbell government rewarding their friends and insiders.

Mr. Kenning also sits on the BC Ferry Boards where he was part of the decision to raise the board salaries.

For 2008/09, the remuneration for the BC Ferries Board Chair was approximately $154,000, while the other directors who were involved for the full year received remuneration that ranged from $67,000 to $91,000. Remuneration consisted of retainer fees of $140,000 for the chair and $48,000 for the directors, with additional smaller retainers for committee chairs and committee members, and per diem meeting fees. Perks also include ferry passes for the directors and family members.

Looking forward to more questions of Mr. Kenning regarding his salary and dealings with the government regarding BC Rail.
 
If I were a betting man, I would bet that it doesnt start after thanksgiving, but will again be delayed.

What will it be this time?

A juror's cat didnt come home last night, causing him/her to miss court to search for and call out for his/her cat?

A defendant's child comes down with the chicken pox, a sore throat, a twisted ankle and decides better off staying home for a few days to recoup?

Or maybe a key whitness decides on a little RnR, that he/she must take advantage of the All-inclusive trip to Mexico that is adverstised at only $499 this week?

Whatever the delay is, you can rest assued the lawyers are still getting paid, on both sides, from the public trough.

Your and my money, wasted. Thats the BC way!
 
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To Anon 6:09,

I'd say you are a betting man ... and that you're betting on the wrong team.

Dismissal of the BC Rail Political Corruption Trial would close the door on the story of how we lost BC Rail ...

Quitting now, means that - by the same process - we'll also lose BC Hydro, BC Ferries, and other vital, publicly-owned assets. You'd prefer that we never find out how that happens?

Enthusiastic agitation for dismissal tells us that you're willing to pay a high price for almost nothing. At least, nothing for the people of B.C., but plenty for the Gordo Gang.

You prefer that we just move along ... as in "there ain't nuthin' happening here, folks ... thank you, just keep movin' along ..."

Sorry, but I think your motives are showing.
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no motives BC Mary, just frustrated with the Circus this has become. Does it show...? IN truth, I just want them to get on with it!!!
 
BC west coast shipyard was the training grounds for a Director involved in the BC Rail break-up?

Surely there must be other attributes to be a Director. Gary Collins is mentioned in the article below if you go to the link at the bottom for the full story at BC Business.
============================

Board Games
David Jordan
Published: November 01, 2007

snip

"Lyons is sought-after for his experience with complex restructurings, particularly in the resource sector. He earned his reputation first with the complex unravelling in the mid-1980s of Versatile Corp., perhaps the closest B.C. ever came to having an industrial conglomerate along the lines of Ontario’s Brookfield Asset Management Inc. (formerly Brascan) or Magna International Inc. Versatile was into agricultural manufacturing, oil-and-gas operations, cold storage and shipbuilding when it ran aground in the mid-1980s.

An engineer with an MBA, Lyons was appointed senior VP in charge of overseeing the restructuring. After he and partners Brian Kenning and Bruce McKay had untangled the web of holdings, Brookfield stepped in to finance the final stage of the restructuring, which would see the company reborn as B.C. Pacific Capital Corp., Brookfield’s investment vehicle in B.C. Lyons stayed on as a managing partner with Brookfield, overseeing financings and restructurings primarily in the mining sector."

Source: http://www.bcbusinessonline.ca/bcb/top-stories/2007/11/01/board-games
 
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Thanks, N.V.G.,

Y'know, whenever I hear "Brookfield Management" I start thinking of vultures circling above a crippled animal waiting for it to die so they can "have at it".

Jeez.

So our star witness, Brian Kenning, would know all about B.C. Pacific Capital Corp., Brookfield’s investment vehicle in B.C.

and so hey, maybe he's out circling the skies while we patiently wait for him to return to the witness stand in the BC Rail Political Corruption Trial.

Who knew? Thanks again, NVG.
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bonuses or hush money?
 
Where is truth? Campbell's corrupt sale of the BC Railroad trial, has gone no-where. I read, the BCR trial is, held in a corrupt court, presided over by, a corrupt judge. Brain dead witnesses, have the judges approval, as does perjury. Omission is a lie, but, not in that court. I don't recall, I don't recall. I'm sure, if Campbell was called to testify, he wouldn't recall, even selling the BC Rail. All Campbell has said is, his favorite quote, shred, shred, shred. And, anyone opposing Campbell, soon loses their job, and, that would include judges.
 
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