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阿尔伯特省库物署9 Y& D! }1 Z* S# _! M1 l5 u9 p' S
ATB' E/ ^0 h2 G' d H
大笔投资不赚钱
$ }7 p8 i* c8 [, B% p, y1 @反而发大笔的奖金4 \$ U; ? n8 T
被政府调查质询
: U8 _7 G* a9 o5 |& ] K8 a这个纳税人拥有的银行
4 @3 h* d+ l6 n7 r3 q07-08财政年度净收入只有3千万,
# J w, ~6 k1 X# g却用2600万给员工发奖金0 i) M( @5 G' S. f6 S$ N/ s
而原计划的净收入目标是2亿6千万
( k6 c2 {8 a7 B7 l) L06-07财政年度的净收入是2亿七千万
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- P1 U7 \6 L( \0 W* M! eEdmonton — Alberta Treasury Branch officials will have to explain why more than $26 million in bonuses were handed out to staff after a year of dismal performance last year, says the head of the province’s public accounts committee.
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3 w% \* I' U$ A+ Y4 [Liberal MLA Hugh MacDonald, who chairs the 17-member, all-party committee, told Sun Media, “I expect they will have some very direct questions” when representatives of the taxpayer-owned bank appear before them on Wednesday.) c& W9 I. d( u$ q
0 e7 A9 u2 ]3 a( DAuditor General Fred Dunn questioned the massive bonuses, given that the bank fell short of its net income goal by nearly 90% in the 2007-08 year.1 W; O/ _; `6 \0 T! p/ Y- h
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Dunn’s annual report, released last week, said ATB earned a net income of $30 million in the 2007-08 fiscal year, a fraction of its $262 million target.( X% I2 z6 `3 T5 X S* L' p/ ~# d
: ^ B Z+ w `# _2 @In the 2006-07 fiscal year, the bank earned a net income of more than $270 million.
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Dunn said management overrode ATB’s policy that bonuses are tied to achieving or exceeding set targets./ M! v. V( q' x' c6 Q
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The reason given for breaking the rule, Dunn said, was that “staff morale and retention” were at stake.$ U/ q5 x3 j1 `7 Z4 \& B$ q
6 \( p, F0 B: g+ SThe bank’s rocky ride began last summer, when the market in asset backed commercial paper, a form of short-term financing for business, collapsed.
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ATB’s global financial markets department was dealing heavily in the paper at the time the market went south.4 w# b- _8 n- P- S
2 q6 i1 J* a3 s4 W4 \) U“If there are no consequences for not achieving objectives, then individuals in GFM are being rewarded for not achieving corporate objectives,” Dunn wrote.
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$ n, I0 X! V! `7 }9 YMacDonald said that when a government-owned corporation performs poorly, ultimately it’s taxpayers who suffer.
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" n: J1 B9 \# l* k) MThe whole purpose of bonuses is to motivate people to exceed expectations, he said, and giving bonuses when people fail completely defeats that.. Y7 l* P+ t" n
' W; |# L+ @0 m6 ~9 h“We have to make sure our state-owned bank is managed in an efficient and prudent way,” MacDonald said. Z4 w/ D7 M: r3 e5 s
1 p& j5 a' D( NMacDonald said he’s also worried about Dunn’s finding that criminal background checks on new employees are taking up to three weeks after they’ve been hired.6 q, E/ E9 ]! ?
/ U! _' }' ]9 OATB, a Crown corporation, has 660,000 customers across Alberta and more than $24 billion in assets. |
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