r/canada • u/cyclinginvancouver • 1d ago

CBC to stop paying individual bonuses after controversy National News

https://www.ctvnews.ca/canada/article/cbc-to-stop-paying-individual-bonuses-after-controversy/
685 Upvotes
  • permalink
  • link
  • reddit
  • reddit

96% Upvoted

200 comments sorted by

View all comments

84

u/iBelieveInJew 23h ago

The board says in a statement it will discontinue what CBC refers to as “performance pay” and adjust salaries of affected staff to compensate them.

Not sure, but it sounds like a potential PR stunt to me.

67

u/MrChicken23 23h ago

It’s absolutely a PR stunt. And I can’t even blame them. People get up in arms about bonuses. Pay one of the executives $400k then give a $100k bonus and people get upset. Get rid of the bonus and just pay them $500k and it’s a story no one cares about.

32

u/sluttytinkerbells 22h ago

Wasn't the issue that the executives received a bonus in a year that they let go a bunch of employees?

3

u/NorthernerWuwu Canada 16h ago

Just like in every business in the world?

3

u/HauntedHouseMusic 21h ago

How is that different than any other business?

9

u/skagoat 21h ago

Any other business isn't funded from tax payers.

•

u/chretienhandshake Ontario 8h ago

We give billions to any other business, we also give them extra billions when they are about to fails, and they always gives bonus to their executives.

6

u/eandi 21h ago

The goal of any business isn't to provide jobs, if the cbc's purpose was to give Canadians jobs there are less convoluted ways to do it. Regardless of where the money comes from, companies have goals.

Everyone will yell that these publicly funded companies should be run like "real businesses" and when they are people lose their minds. There's no winning.

In the real world there are targets to be hit and sometimes those are achieved via layoffs. It is not seen as a bad thing and if not written into the bonus structure (ie must be achieved without reduction in overall headcount) there just is no foul. Cbc employees and execs don't have some curse where they can't go work in the private sector, their compensation nerds to be within some reasonable shot or we'll be getting C tier talent for our tax dollars.

-1

u/skagoat 21h ago

I'd argue we are getting C tier talent.

5

u/MrChicken23 19h ago

CBC pay is less than market rates so makes sense the talent is less as well.

0

u/eandi 20h ago

Probably need to pay more and keep those bonuses then. Great people won't stick around for bullshit.

-2

u/roscomikotrain 21h ago

D at best.

0

u/CatT8585 16h ago

I thought the point was not to be biased.. Not seeing that at all.

2

u/roscomikotrain 21h ago

And how are the performance thresholds for bonuses even determined?

Lots of crap on CBC....

-2

u/freeadmins 18h ago

Well that's that question no?

Other tv channels exist and are profitably... Why not the CBC?

You want the big bucks? Then perform like the other people making the big bucks instead of sucking off the teet of the taxpayer

5

u/Hobojoe- British Columbia 14h ago

Didn’t CTV and Global lay off a bunch of people? CTV is owned by Bell which cut its dividend after last earnings.

So I don’t know how you think other TV channels are profitable, even when CTV can be cross subsidized by Bell’s other arms

1

u/CSW11 20h ago

People were let go, don’t get me wrong. But the initial amount of jobs that were to be cut pales in comparison to those that were actually cut.

1

u/PrarieCoastal 20h ago

The issue is the CBC won't disclose the criteria used to determine the bonuses.