Taiga Building Products Ltd T.TBL

Management Compensation

[canuckstocks]

yup. In 2022 taiga paid 18 million in salaries and benefits and 14.4 million in bonuses. 32.48 million total to executives and directors. in 2021 they paid 15.76 million in salaries and benefits plus 14.6 million in bonuses. 30.36 million total. over 2 million more in 2022, despite the company earning 4.1 million less than last year (88 million vs 92.7 million). looks to me like they're giving themselves 38 % of the profits. 

Dr. Kooi tong and ian tong each paid over 2 million in bonuses from "extraordinary services including consulting management with regards to the company's share buybacks, succession planning and growth oppurtunities... well they only purchased $94000 in shares in 2022... so thats worth absolutely nothing. there had better be some amazing succession and growth ahead!

comparing them to doman building materials who paid 5.76 million to executives and directors in 2022. and they're at least paying dividends to shareholders.

[TradeTracer]

Interesting information to see, and something to look into. Taiga did pay a dividend in 2021, albeit a special dividend of $0.27/share, should still be recognized as it would be a 10% yield today. A little disappointing that 2022 didn't have another special dividend, nor has their buyback been utilized. Like you say, spending $94,000 towards the NCIB when you have $94 million in cash seems a

[TradeTracer]

Even going the conservative route, take the $94 million and spread it out over some 1 yr 4% GIC rates and that would give you enough to buy back 626,000 shares @ $6...

[downwithdotcom1]

BOD payments are indeed EXCESSIVE...TBL have made more than 90 cents in profits in the last few quarters and where's are share???? DID THEY NOT HAVE A CLEAR STATEMENT of reviewing for potential dividend payments twice a year in their annual financials???   WHAT TO DO??? send a message and VOTE : "WITHHOLD" against election of directors..its easy - all you need is your

[pennydredful]

Complain   to  the  BC  securities    commission   re this  excessive   payments   .  They  are supposedly   for things  directors   do   for   the basic   director  compensation.