Concordia Healthcare Corp. T.CXR.R

Mark Thompson's $8,927,963 compensation

[argentia77]

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. 

[88guy88]

So what!......All CEO s are overpaid and underworked.....thats nothing stunning.....getting to be a CEO is like winning the lottery no matter what company it is.....they basically do not have to do anything and in fact they can be awful stewards of the company and erode share value and still pick up hefty salaries and options in compensation.....nothing new here!

[Juice004]

if they really believed business was firing on all cylinders at that point in time and was their expectation going forward then the agreement  makes sense. However I still think even if business  was booming and they appeared to have made a great deal I still call it greed to push for so much. I do think that there is cause I'm letting him so h should end up with nothing.

[Juice004]

But nobody in Oakville has the balls to do anything about him

[argentia77]

MONTREAL, April 20, 2016 /CNW Telbec/ - Montrusco Bolton Investments (MBI) has reviewed the 2015 compensation of Concordia Healthcare Corp's executive team. Based on an ISS report and our in-house assessment, we are of the view that the total compensation of senior executives is exorbitant. MBI agrees with ISS that the lack of transparency regarding how compensation is determined

[LaticelnExile]

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