Saturday, April 25th2.6°C
25924

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 TSX15408.33+15.98
S&P CDNX697.70-1.78
DJIA18080.14+21.45
Nasdaq5092.08+36.02
S&P 5002117.69+4.76
CDN Dollar0.8210+0.0002
Gold1175.20-17.60
Oil55.50-0.88
Lumber258.50+3.90
Natural Gas2.533+0.002

 
Okanagan Companies
Pacific Safety0.12-0.01
Knighthawk0.010.00
QHR Technologies Inc1.38+0.00
Cantex0.035+0.005
Anavex Life Sciences0.43+0.01
Metalex Ventures0.095+0.000
Russel Metals27.16+0.41
Copper Mountain Mining1.15+0.06
Colorado Resources0.095+0.000
ReliaBrand Inc0.004-0.001
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.20+0.00
Decisive Dividend Corporation1.80+0.10

 



25185

FEATURED Property
227351731 Beachwood Road
4 bedrooms 2 baths
$785,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


What's your score?

There was a time when we would sit down with nothing more than a sheet of paper and a sharp pencil to do the math. Totalling our expenses and subtracting our revenue, the amount left over was the answ...


Do you dare to dream?

Photo: Thinkstock.comI have never been able to understand why some people can only see as far ahead as the end of the current day. Instead of aiming for long term goals, they just wallow in their ever...


Calling on your help!

Has the internet flattened prices as predicted? Has the internet created opportunities for your business to find higher priced markets further afield? Is posting prices on your website a good thing o...

_



26091




Member of BC Press Council


24843