Keith Creel, Canadian Pacific Railway’s president and CEO, regained his place as Calgary’s highest-earning executive in 2021, collecting more than $26.7 million in salary, shares and incentives yyc yycbiz
Boosted by almost $15 million in share-based awards, it marked an almost $10-million jump in total compensation for the railway boss who oversaw the company’s purchase of Kansas City Southern last year.
Creel’s pay boost in 2021 provides the railway with needed security through the Kansas City Southern purchase, with much of his compensation tied to shares aimed at retaining his leadership. “CP believes the amendments to Mr. Creel’s agreement are in the best interest of shareholders and will work effectively to retain CP’s industry-leading CEO for the next several years.”
The oil giant said in its circular that his compensation is grounded in a pay-for-performance model, with the majority deemed “at risk.” Monaco did receive a $1.58 million increase to his pension but his shares and options accounted for more than $11 million. He also collected $4.6 million in annual incentives.
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