The CEO of BC Ferries has announced plans to retire early even as hefty his salary and pension remain controversial. The former Crown corporation says David Hahn, who took over in 2003, has voluntarily decided to retire at the end of the year. Hahn earns about $1 million in salary and benefits, prompting critics,
including the Opposition NDP, to dub him the "million-dollar man." That controversy was further inflamed earlier this year, when it
emerged that Hahn will receive a $300,000-a-year pension when he
retires. B.C. Ferries says in a news release that Hahn's decision was voluntary,
which means he won't receive any severance on top of his pension. News of the retirement comes as Hahn also announces sweeping measures
to slash costs, an early retirement program, cuts to executive
compensation, and the cancelling of the corporation's sponsorship of the
Vancouver Canucks.
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