Democracy Gone Astray

Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.

All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.

[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]

Thursday, April 24, 2014

Rogers CEOs Nadir Mohamed, Guy Laurence Make Nearly $40M In Handover

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.

Original Article
Source: huffingtonpost.ca/
Author: CP

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