RE:RE:RE:RE:RE:RE:Re: Canada's Top 100 Highest Paid CEO'sLattice/Notwrong, You must be paid by the word by your employer as you seem to be spending all your time on this board attacking every possible aspect of Concordia's business. As for Mark Thompson's comp, what the board pays him overall is indeed important. but first I want to know as an investor, what are we paying him just to wake up and come into work in the morning. That number for 2015 was $691,000. Not an unreasonable number for a company that size operating in multiple markets.
Total cash bonuses during the year for MT were approximately $2mm. Not unusual given that the company completed two major acquisitions in 2015 and the Board justifiably awarded the deal team, including MT, transaction bonuses.
The rest is the value of vested and unvested stock options and restricted share units. The vesteing of the latter is directly tied to pre-determined perfromance metrics. If the metrics are not met, no payout is ever made. I would be more than happy for Mark to get $9mm of value if those metrics are met since we,as shareholders (except maybe for Lattice and Notwrong who are betting in the other direction), will be handsomely rewarded as well if by that time the short attacker crew will have disappeared and move on to another target.
There was also some talk about PWC inapprpriately advising the Board on executive comp. I've already stated that it is not up to the auditors to do that. In fact, it would be completely inappropriate. The management information circular discloses that the Board hired external executive compensation consultants to develop a compensation policy and benchmark against a compartor group, which is how it is supposed to be done. I urge everyone to review that portion of the circular rather than relying on the likes of Mr. Vegetable to assess whether management's compensation is appropriate.
You, Notwrong and your other cohorts have also on previous occasions insinuated that management does not have enough skin in the game. Apart from the equity grants which obviously align management with shareholders, Mark personally holds 2,125,251 shares of the company representing 4.2% of the issed and outstanding shares. Even at this depressed share price, that represents over $60 million of skin in the game.
Finally, PWC was paid a total of $1,5mm in audit and non-audit related fees. As soneone who is familair with audit fees, I can tell you that the amount is market.
Get a life and stop spreading lies!!!