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Oggetto: Russell Wilson's escapability once again gives Seahawks Inviato: 08-12-2017 7:47:34 |
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BCE Inc. paid CEO George Cope slightly less last year than it has in the past after the telecom giant financial performance fell below internal targets, according to newly released Cheap China Jerseys company documents.
Cope total compensation fell nearly 7 per cent to approximately $10.8 million in 2016 from about $11.5 million the prior two years, according to Bell annual management proxy circular filed with regulators Tuesday.
His target compensation remained static, but his annual short term incentive dropped since Bell didn meet its internal revenue and EBITDA earnings before interest, taxation, depreciation and amortization targets, even though its results were in line with its financial guidance.
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Bell blamed a decline in its wireline segment for the missed revenue target and CRTC decisions for negative impacts on its media and wireline earnings. It didn specify which decisions, but executives have previously criticized the regulator for a new Super Bowl advertising policy and lower wholesale rates for high speed Internet access.
Still, the board praised Cope, who took the helm of Bell in July 2008, for his leadership.
board and compensation committee firmly believe that Mr. Cope leadership guided the company to growth across all financial metrics, while leading the Bell team in its solid performance executing the company strategy, chairman Gordon Nixon wrote in a letter to shareholders.
Bell compensation programs were largely unchanged in 2016 and are expected to remain the same in 2017.
Bell report on executive compensation comes days after its top rival Rogers Communications Inc. revealed its numbers in its information circular after a year of leadership upheaval at the cable company.
Total compensation for former Rogers CEO Guy Laurence, who was fired in October after clashing with the Rogers family, was $24.6 million. (His actual compensation was closer to $11.9 million since the total compensation included $7.3 million in forfeited awards and stock options previously recorded as 2013 compensation.)
That includes nearly $13.5 million in separation payments, according to documents filed on Friday. That includes a lump sum Cheap China Jerseys payment equal to two years of base salary, bonus at target, executive allowance and outstanding vacation days.
Rogers will cover up to $100,000 in moving expenses should Laurence decide to move back to Europe within two years of his departure.
Interim CEO Alan Horn, who previously acted as chairman, received total compensation of only $538,514 in 2016, as he received no additional compensation cheap jerseys for assuming Laurence role.
Laurence will ultimately be replaced by former Telus CEO Joseph Natale when his non compete agreement with Telus expires in July. epaper, Digital Access, Subscriber Rewards), please input your Print Newspaper subscription phone number and postal code.
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