RE:Calgary Oilfield Greed Continues....!!!Not a fan of Calgary business? Compare the compensation at this dinky $30 million market cap company to CGG, market cap $700 million. Total compensation for the CEO: $0. Total compensation for the CFO: $159,000. Highest compensation goes the senior mine manager: Total compensation $313,000.
Keep in mind this is large enterprise with $570 million of 2018 revenue; property, plant, equipment of almost $2 billion; borrowings of over $1 billion.
Mind you, I bet the PPR executives feel they're underpaid.
Mind you, what kind of CEO takes $0 compensation for 2015, 2016, 2017, and probably 2018 and beyond?
And what kind of company pays the most to the mine manager?
It sounds like a company that is adhering to exceptionally high corporate standards.
Maybe because the Chinese government is the largest shareholder and they would never tolerate PPR's compensation levels?
Who is overseeing PPR? Goldman Sachs?