Rogers Communications Inc racks up near $40-million tab paying CEOs in 2013

This may stir up the debate on CEO Pay in Canada. It is much hotter topic in the USA.

Financial Post | Business

Rogers Communications Inc. paid its incoming and outgoing chief executives a total of almost $40-million in 2013, including a retirement package worth $17-million and signing incentives for its new CEO of almost $10-million.

[np_storybar title=”New U.S. CEO-worker pay ratio regulation fraught with grey areas” link=””]Theresa Tedesco: With proxy season under way, the sticker shock parade over executive compensation is increasingly moving from simple outrage to a growing chorus of criticism that if CEOs were not paid so handsomely, income disparity would somehow be drastically reduced.

It was a year of transition for the telecommunications and media company as Nadir Mohamed announced his plans to leave the top job in February and, after a months-long search for a replacement, former Vodafone UK CEO Guy Laurence stepped in.

Mr. Laurence, who started on Dec. 2, took home total compensation for 2013 of $12.7-million, which includes pro-rated amounts for salary, share- and…

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