The top of Calgary-based Canadian Pacific Kansas Metropolis noticed an enormous bounce in pay final yr.
Keith Creel, head of Canada’s second-biggest railway, obtained complete compensation of $20.1 million, up 38 per cent from the earlier yr.
CPKC’s 5 prime officers, together with Creel, earned $63.5 million total in 2023 in contrast with lower than half that quantity the earlier yr.
The e-mail you want for the day’s
prime information tales from Canada and world wide.
The e-mail you want for the day’s
prime information tales from Canada and world wide.
The enhance stemmed largely from share-based awards and money bonuses.
It was a historic yr for the corporate because it accomplished the merger of its operations with Kansas Metropolis Southern, a former U.S.-based railway, bought in 2021.
The corporate touted the merger as making Canadian Pacific Kansas Metropolis (CPKC) the primary single-line railway connecting the U.S., Mexico and Canada.
At rival Canadian Nationwide Railway Co., complete compensation for its six senior executives decreased three per cent to $29.6 million, primarily resulting from decrease bonuses after the Montreal-based firm fell wanting efficiency targets.
CEO Tracy Robinson’s complete compensation was $14 million.
— with recordsdata from The Canadian Press
© 2024 World Information, a division of Corus Leisure Inc.
