TELUS cuts pay of CEO & Executives

Earlier this week we heard Motorola CEO Sanjay Jha took a full 2008 compensation package of $104 million. However on this side of the pond,  TELUS partially met company goals and this resulted in CEO Darren Entwistle and other senior management to take a pay cut.

Darren Entwistle dropped 18% to $6.9-million from $8.4-million in 2007, his base salary remained unchanged at $1.2-million. Robert McFarlane, EVP & CFO took a 23% to $1.8-million from $2.3-million.

Source: Globe

Related posts:

1. Telus Q2 2008 Results: Revenue of $2.4 billion, subscribers grow 10.6%
2. Telus Q4 2007 up 3.4% to $2.33 billion
3. Telus reports $100 million or 10% increase in Q1
4. Telus Q3 profit up 28%