David Hahn quits his million-dollar gig at BC Ferries

Departure of controversial CEO comes with plan for cutting service, freeze on wages and hiring.

Million Dollar Dave has announced a series of cost-cutting measures at BC's beleagured provincial ferry system -- chief among them his own departure.

In a surprise move Tuesday morning, CEO David Hahn proposed $11 million in savings, including $1.5 million to be saved by his own early, voluntary departure. Hahn made headlines this year when it was revealed that he had been receiving a $1 million salary and a generous second pension had been put in place for him.

The cuts include selected early retirements, a hiring freeze on all non-essential positions, cut to executive salaries and a two-year wage and salary freeze.

You can find more on the story here.

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