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.
Read more Business News
- Girl abducted, sexually assaultedBC
- 102nd birthday boat cruiseKelowna
- Downtown hotel, what's in a nameKelowna - 5:00 am
- Fundraising effort with a twistKelowna
|QHR Technologies Inc||1.19||0.00|
|Anavex Life Sciences||0.25||+0.01|
|Copper Mountain Mining||2.96||+0.05|
|Sunrise Resources Ltd||0.025||0.00|
|Mission Ready Services||0.23||-0.02|
Apple has taught many entrepreneurs the importance of design, how to create buzz when introducing new products to the marketplace, how to pioneer new technology and the importance of superior quality....
Move over “big guys” there’s a new brokerage in town featuring local expertise, long standing experience and a fresh boutique approach. Kelowna, August 31 2014 – You may have...
There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage paym...