In the context of executive wages, it’s important to contrast this to what the industry standard is. We’re not reinventing capitalism overnight (nor is it the argument being litigated), and fair market incentives must be competitive to retain talent. It’s not a matter of whether someone agrees fair market is right or not - it’s the reality of how society currently functions (and I point out because this is almost always the fundamental principle to most of these arguments).
An aggregate $73k bonus is generally very small in executive talent pool - the article also goes on to point out the rest of the employee base also got $15k. Neither of these are particularly glaring.
Instead consider Catherine Tait (CBC) - her base salary is ~$500k, with a target bonus of 7-28% (~$30k-$155k) and no additional incentives. That makes her max total compensations about $700k at best (and generally more like $600k). This is super low for a typical pay band at the CEO level.
Contrast this to Andrew MacLeod (PostMedia) - his base salary is $1.1M, with his incentives (bonus, rsu/PSU, stock, etc.) in the same 2024 year $785k, making his total compensation $1.89M, or triple Taits.
Looking around at a number of these, the CBC is pretty consistently on the low end of these ranges, especially when considering the size of the organization.
I’m essentially pointing out your comment argued the opposite of your stance.
In the context of executive wages, it’s important to contrast this to what the industry standard is. We’re not reinventing capitalism overnight (nor is it the argument being litigated), and fair market incentives must be competitive to retain talent. It’s not a matter of whether someone agrees fair market is right or not - it’s the reality of how society currently functions (and I point out because this is almost always the fundamental principle to most of these arguments).
An aggregate $73k bonus is generally very small in executive talent pool - the article also goes on to point out the rest of the employee base also got $15k. Neither of these are particularly glaring.
Instead consider Catherine Tait (CBC) - her base salary is ~$500k, with a target bonus of 7-28% (~$30k-$155k) and no additional incentives. That makes her max total compensations about $700k at best (and generally more like $600k). This is super low for a typical pay band at the CEO level.
Contrast this to Andrew MacLeod (PostMedia) - his base salary is $1.1M, with his incentives (bonus, rsu/PSU, stock, etc.) in the same 2024 year $785k, making his total compensation $1.89M, or triple Taits.
Looking around at a number of these, the CBC is pretty consistently on the low end of these ranges, especially when considering the size of the organization.
I’m essentially pointing out your comment argued the opposite of your stance.
You’ve given me a lot to read up. I appreciate the write-up.