57144
55196
56468
S&P/TSX
16467.77
-75.24
(-0.45%)
S&P-CDNX
713.79
+0.62
(0.09%)
S&P-500
2805.68
+1.19
(0.04%)
NASDAQ
7838.45
+13.15
(0.17%)
Dow
25098.52
+34.02
(0.14%)
Dollar
0.76030
+0.00639
(+0.84773%)
Oil
68.12
-0.12
(-0.18%)
Gold
1229.30
+5.30
(+0.43%)
Silver
15.520
+0.118
(+0.77%)


CP CEO's $20M paycheque

Canadian Pacific Railway Ltd. says it paid CEO Keith Creel $20.1 million last year, including $10.5 million in stock options.

That's more than double his compensation in 2016 of $8.9 million when he was president and chief operating officer. He took over the top job as of Jan. 31, 2017, when Hunter Harrison abruptly left the railroad and was later hired by U.S. railroad CSX.

Creel's pay is higher than the Royal Bank's Dave McKay, at $12.4 million, the best compensated of Canada's top five bank CEOs in 2017.

Harrison, who died in December, earned $20.2 million in 2015 and $18.8 million in 2016 as CEO of CP Rail.

In a corporate filing, CP Rail says its compensation committee found that Creel had exceeded his individual performance objectives and had led the company to a strong corporate performance.



More Business News

56523
Data from CryptoCompare
Recent Trending
51956
Okanagan Oldies
Castanet Proud Member of RTNDA Canada
Press Room
58052