Friday, July 3rd27.8°C
26667
25998

Telecom company Rogers doles out nearly $40 million on its two CEOs in 2013

TORONTO - Rogers Communications (TSX:RCI.B) doled out nearly $40 million last year paying the two executives who held the top position at the telecom company.

Guy Laurence, who only stepped into the CEO role on Dec. 2, made a total of $12.7 million in 2013, according to figures disclosed in Rogers' annual report.

Retired CEO Nadir Mohamed took home total compensation of $26.8 million last year, the bulk of it coming from his retirement package.

Laurence, who was the former head of UK-based telecom company Vodafone, received a base salary of $69,231 for the year.

He was also given $6.81 million in share-based awards, $5.01 million in option-based awards and other compensation worth $755,833. The value of his pension earned was $54,933 in 2013.

Mohamed, who retired in December, had a base salary of $1.13 million, $2.52 million in share-based awards, $2.52 million in option-based awards. All other compensation was $17,242 million, related to his retirement.

The value of his pension earned was $1.85 million in 2013.

Rogers is scheduled to report its first-quarter financial results on Monday after stock markets close.

The company's shares were 17 cents higher at $44.43 in Friday afternoon trading on the Toronto Stock Exchange.

Note to readers: This is a corrected story. A previous version misspelled Guy Laurence's name and Vodafone.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14635.73-2.26
S&P CDNX670.47-1.11
DJIA17730.11-27.80
Nasdaq5009.21-3.91
S&P 5002076.78-0.64
CDN Dollar0.7954-0.0019
Gold1167.10+4.10
Oil56.19-1.42
Lumber288.50+0.40
Natural Gas2.772-0.050

 
Okanagan Companies
Pacific Safety0.165+0.005
Knighthawk0.010.00
QHR Technologies Inc1.56+0.01
Cantex0.035-0.015
Anavex Life Sciences0.455+0.004
Metalex Ventures0.075+0.010
Russel Metals22.84-0.03
Copper Mountain Mining1.14+0.00
Colorado Resources0.075+0.010
ReliaBrand Inc0.006+0.000
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.16-0.03
Decisive Dividend Corporation2.50+0.42

 



24947

FEATURED Property
16377101749 Highland Dr. N.
2 bedrooms 2 baths
$429,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Active listening

Has this ever happened to you? You had an initial meeting with a prospect. You asked that prospect what seemed to be all the right questions. You had what felt to you like a good conversation, and bas...


The price of money

Money is not a commodity. By definition, a commodity is a generic product that is bought and sold on price alone. Money, Canadian bills for example, look the same, smell somewhat the same, and are ava...


TFSA strategies

Photo: Thinkstock.comThe federal government has increased the annual contribution limit of Tax-Free Savings Accounts (TFSA) to $10,000. Going forward, the annual limit will no longer be indexed to inf...

_





26376


Member of BC Press Council


25143