Vitreous Glass Inc V.VCI

Shareholder oppression?

[EverydayCap]

Does everyone here realize that the CEO is being paid over $700k a year? That works out to about 2.5% of the market cap, and is among the highest in Canada on a % market cap basis. It's extortion.

[thebigmacd]

Cashion's salary is under $100k/year. You do realize that he owns 30% of the company right? The vast majority of his compensation (90%) is from dividends. VCI paid out $2.7million in dividends 2021. 30% of that is $800,000+. The shareholders are doing very well, thank you very much.

[greyswan]

Yeah, I don't think "shareholder oppression" captures whats going on here. As mentioned previously, Pat Cashion collects the vast majority of his compensation through dividends, given that he owns so many shares of VCI. Not sure how much more "skin in the game" one can have.  Since 2008 (when I first found it, but failed to invest in it), VCI has paid out