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Mint Employees Having A Freebie

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Author Previous TopicReplies: 11 / Views: 2,489Next Topic  
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T1Steel's Avatar
Canada
623 Posts
 Posted 06/16/2015  9:22 pm Show Profile   Bookmark this topic Add T1Steel to your friends list Get a Link to this Message Number of Subscribers
Just came across this while browsing the news, might explain the $100-150 an oz. silver. Must be nice.
http://www.cbc.ca/news/canada/canad...rt-1.3114209
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M_d_in_guy's Avatar
Canada
1049 Posts
 Posted 06/16/2015  11:57 pm  Show Profile   Bookmark this reply Add M_d_in_guy to your friends list Get a Link to this Reply
I clicked the link and read the article. I'm not sure how to feel on this. Yes there are and were taxpayers dollars involved with the RCM. If they are in a position of it being for profit and truly showing it, then perhaps that's not a bad thing, given the fact that it is employees that make a business people buy from. On the other hand if it is tax dollars that are continually pumped in to keep it operating, that's a different story and a whole new can of worms. IMO.
Valued Member
Canada
430 Posts
 Posted 06/17/2015  12:55 am  Show Profile   Bookmark this reply Add Coinsplus to your friends list Get a Link to this Reply
Every "for profit" company does this. Lots of conferences for many businesses ...food, drinks, entertainment. All part of business.

The one thing I do not agree is having the taxpayer pay for spouses airline tickets, and spouse's itinerary at the junlet, etc.

The CBC fifth Estate is going after all the crown corporations for excessive spending, like the Canada Post, etc. However, if they examined their own books themselves, since the CBC is a crown corporations, I am sure it is happening there as well!
Edited by Coinsplus
06/17/2015 01:01 am
Valued Member
lenver's Avatar
Canada
121 Posts
 Posted 06/17/2015  10:48 am  Show Profile   Bookmark this reply Add lenver to your friends list Get a Link to this Reply
In my opinion this is just a form of networking and as stated is the norm for many other companies. Although there is an initial cost involved the business generated far outweighs this. I would prefer that employees represent the crown corporations at functions like this over politicians any day as they know exactly how the company operates and don't have to BS their way through.
Valued Member
canadiancoinaholic's Avatar
Canada
137 Posts
 Posted 06/17/2015  4:49 pm  Show Profile   Bookmark this reply Add canadiancoinaholic to your friends list Get a Link to this Reply
I don't agree that the taxpayers should be on the hook for a holiday after the conference is over .If they want to stay after ,go ahead ,but it should be on their own dime. If they want to bring their wives they can pay for their flights expenses themselves and be happy the rooms paid for.These people are getting paid very well by us taxpayers as it is and can well afford to pay for a couple of extra days themselves.If they can't then welcome to the real world.
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SilverDon's Avatar
Canada
2360 Posts
 Posted 06/17/2015  5:17 pm  Show Profile   Bookmark this reply Add SilverDon to your friends list Get a Link to this Reply
"All animals are equal, but some animals are more equal than others." - Orwell

It is a shame. Best use of scarce resources was not observed in this instance.

There is a house cleaning in progress. Bennett's signature is on many of my COAs.

I have a COA signed by Dingwall - "I'm entitled to my entitlements". Some things never change.
Valued Member
Canada
430 Posts
 Posted 06/17/2015  8:28 pm  Show Profile   Bookmark this reply Add Coinsplus to your friends list Get a Link to this Reply
Here is an official statement from the Mint. It was just posted to their site today (after the news from CBC), even though it is dated, June 1st.

Statement by the Royal Canadian Mint

OTTAWA, ONTARIO - June 1, 2015 - In early 2015, new leadership was appointed to the Royal Canadian Mint. Since then, they have implemented significant changes to the Mint's rules and policies governing travel and hospitality to ensure that they meet best business practices and meet the expectations Canadians have of a Crown Corporation.

Specifically, under the new leadership the changes that have been implemented to date include:

Revisions to corporate travel and hospitality policy to address recommendations made
by the Office of Auditor General in 2014, including:
Introduction of requirement for itemized receipts
Introduction of 14 day pre-booking guideline for travel bookings
Thorough communication and training of policy changes and updates for staff administering travel
and staff that travel
Other administrative changes as a result of the Office of the Auditor General Special Examination
Internal reduction in fiscal year 2015 travel budgets to prior year levels
Elimination of paid spousal travel provision for Mint employees and Board of Directors
Participation in post-conference activities discontinued for Mint employees and Board of Directors

From this point on, Mint Board members and employees will adhere to Treasury Board guidelines, including the Directive on Travel, Hospitality, Conference and Event Expenditures.

Furthermore, all recommendations contained in the Auditor General of Canada 2014 special examination report of the Royal Canadian Mint have been accepted. The majority of recommendations have been implemented and the remainder will be implemented by the end of 2016.

-30-

For more information, please contact:

Christine Aquino
Director, Communications and Public Affairs
Tel: (613) 993-9999
aquino@mint.ca
Edited by Coinsplus
06/17/2015 8:28 pm
Valued Member
Canada
430 Posts
 Posted 06/18/2015  12:12 am  Show Profile   Bookmark this reply Add Coinsplus to your friends list Get a Link to this Reply
Here is the link to the CBC New clip about the RCM and investigation. It appeared on CBC National News with Peter Mansbridge on June 16, 2015:
http://www.cbc.ca/news/thenational/...ry-1.3117743
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zzzhuge's Avatar
Canada
85 Posts
 Posted 06/18/2015  8:07 pm  Show Profile   Bookmark this reply Add zzzhuge to your friends list Get a Link to this Reply
We spoil them...
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doubleeagle59's Avatar
Canada
2495 Posts
 Posted 06/19/2015  10:26 am  Show Profile   Bookmark this reply Add doubleeagle59 to your friends list Get a Link to this Reply
Personally, I'm not too concerned because this is the way life in the business world works.

Ever wonder about your dentist or doctor recommending certain procedures or medication?

Sometimes it's because they go to all expense seminars in a resort funded by the 'recommended' drug company.
Valued Member
McNickel's Avatar
Canada
261 Posts
 Posted 06/19/2015  2:52 pm  Show Profile   Bookmark this reply Add McNickel to your friends list Get a Link to this Reply
"But figures from the Mexican Mint, which hosted the event, put the price at $1,450 US a person for a domestic flight, the hotel stay and sightseeing."

That's peanuts compared to what MP's in Ottawa spend on flying their families around.
- http://globalnews.ca/news/2063170/m...igures-show/

Quote:
"The mint is a for-profit corporation," the former CEO replied, ... "It doesn't take appropriations from the government. And its revenues went from $500 million to $3½ billion in seven years.

I have no problem with the RCM spending $20,000 every couple of years on perks for staff that have performed that well.

Valued Member
everything's Avatar
United States
493 Posts
 Posted 06/21/2015  12:47 am  Show Profile   Bookmark this reply Add everything to your friends list Get a Link to this Reply
I think it was money well spent to do some extra time representing the mint.
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