Mark Thompson's $8,927,963 compensation Executive salaries, stock options and other benefits were richly detailed in the 55-page report that accompanied the Annual General and Special Meeting of Shareholders held on April 29, 2016. What I found amazing is half the report deals with Executive Compensation. Directors, like Jordan Kupinsky and Douglas Deeth are paid over $400,000/year for their services. Even Wayne Kreppner makes $6,892,404/yr. No wonder they want to keep the ship afloat for as long as possible. You have to go to SEDAR to read it as it's not on the company's website. What a surprise!
Here's a small excerpt:
In the case that (a) Mr. Thompson terminates his employment agreement for good reason (as defined in Mr. Thompson’s employment agreement), or (b) the Corporation terminates Mr. Thompson’s employment agreement without cause (as defined in Mr. Thompson’s employment agreement), Mr. Thompson shall be entitled to receive: an aggregate amount equal to: (i) his base salary for a twenty-four (24) month period; (ii) the amount attributed to any business expenses properly incurred by Mr. Thompson in the course of his employment, but not yet reimbursed as of the date of termination; (iii) the value of any unused vacation time; (iv) any bonus awarded to Mr. Thompson but unpaid; and (v) an amount equal to 150% of Mr. Thompson’s target bonus opportunity as of the date of termination.