Aecon Group Inc T.ARE

Alternate Symbol(s): AEGXF

Industrials Conglomerates

Aecon Group Inc. is a Canada-based construction and infrastructure development company. The Company delivers integrated solutions to private and public sector clients throughout Canada and other countries. It operates through two segments within the infrastructure development industry: Construction and Concessions. Its Construction segment includes all aspects of the construction of both public and private infrastructure, primarily in Canada, and internationally and focuses primarily on the civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure and industrial infrastructure. Its Concessions segment include the development, financing, build and operation of construction projects primarily by way of public-private partnership contract structures, as well as integrating the services of all project participants. The Company’s projects include Annacis Water Supply Tunnel, Bell Canada Gigabit Fiber Service, Finch West LRT, and others.

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Aecon Group Inc

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Post by hsyxuon May 28, 2013 5:20pm

275 Views

Post# 21527403

Pay for performance?

The following quote is from Aecon's 2013 "Notice of Annual Meeting of Shareholders......"

Despite a 52.7% decrease in the Corporation's TSR from December 31st, 2007 to December 31, 2012, the base salaries of the NEOs have increased approximately 36.7% during the same period as a result of raises and promotions.

With so much public money flowing into infrastructure since the financial crisis in 2008, how did Aecon manage to perform so poorly? - Could it have something to do with the composition of its Board of Directors? The oldest Member of the Board is 80 and the average age is in the senior citizen range. Who is there to bring fresh ideas to this company?

I am ready to give up on Aecon.

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