GREY:AVNDF - Post by User
Post by
deismanon Feb 28, 2013 11:58am
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Post# 21055794
Elbow River- Cash cow or drain?
Elbow River- Cash cow or drain? Was this arm of Avenex a cash cow or was it really a drain on the company? Do any of you have access to the Elbow river financials? Looking at executive compensation for 2011 (because we haven't seen 2012's yet) it looks like ER's pres (Malcolm) was getting double (C$1,048,625) what Gallacher (C$535,060) or Dundas (C$535,060) were.
William M. Gallacher P.Eng. Chairman, Chief Executive Officer, President, Chairman of Corporate Governance & Compensation Committee and Member of Reserves, Review & Environmental, Health & Safety Committee, AvenEx Energy Corp. | |
| Age | Total Calculated Compensation | This person is connected to 30 board members in 9 different organizations across 15 different industries.
See Board Relationships |
| -- | C$535,060
As of Fiscal Year 2011 |
Gary H. Dundas CMA, MBA Chief Financial Officer, Vice President of Finance and Director, AvenEx Energy Corp. | |
| Age | Total Calculated Compensation | This person is connected to 28 board members in 9 different organizations across 11 different industries.
See Board Relationships |
| -- | C$546,539
As of Fiscal Year 2011 |
Executive Profile*
| Age | Total Calculated Compensation | This person is connected to 0 board members in 0 different organizations across 2 different industries. |
| -- | C$1,048,625
As of Fiscal Year 2011 |
Background*
Mr. Ed Malcolm serves as the President of Elbow River Marketing Limited Partnership (also known as Elbow River Resources Ltd.). Mr. Malcolm serves as the President of Butane Marketing for North America, East at Elbow River Marketing Limited Partnership. He served as Vice President of Elbow River Marketing Limited Partnership.