While most Canwest employees are focused on the company’s future, current financial difficulties are in many ways related to past corporate decisions, primarily regarding expansion and taking on debt. Therefore it is interesting to learn about the extra-large salaries and other payments the people making those decisions were getting.The latest Canwest annual report reveals the compensation for the three fiscal years from 2006 to 2008 for Chief Executive Officer Leonard Asper, Chief Financial Officer John Maguire, President of Canwest TV Kathleen Dore, President of Canwest Publishing Dennis Skulsky and President of Corporate Development Thomas Strike.
Dore, who was replaced by interim President for Canwest TV Peter Viner at the end of 2008 was also eligible for a termination payment of approximately $2.6 million.
As of Jan. 1, 2009, upon reaching the age of 62, Skulsky was eligible for an annual pension of approximately $760,000 per year. Strike had earned pension benefits of about $250,000 per year, Maguire $205,000 per year, Asper $200,000 per year and Dore $47,000 per year for her four years service.
Canwest’s Top Five
Compensation over 3 years (2006-08)
(not including long-term incentives)
K. Dore $9,426,175
T. Strike $5,418,473
L. Asper $5,070,525
D. Skulsky $3,099,443
J. Maguire $2,805,669
Recent Comments