The figure includes several one-time compensation items related to his promotion and the pending takeover of Shaw Communications Inc.
Rogers gave Mr. Staffieri $10.70-million in salary, bonus, and stock awards the company described as being part of his normal annual compensation. The 2022 total also includes a one-time stock-option award, valued at $1.25-million, tied to his promotion.
The pay for Mr. Staffieri’s first year underscores the cost of the dramatic battle that captured public attention for months in 2021. Mr. Staffieri, who was previously the company’s chief financial officer, took over the top job, initially on an interim basis, in November, 2021, after a fractious boardroom contest unseated his predecessor, Joe Natale.
The move met resistance from the majority of the company’s board, including his mother Loretta Rogers and sisters, Melinda Rogers-Hixon and Martha Rogers, resulting in Mr. Staffieri being terminated instead. Telus Corp., which has not yet disclosed 2022 compensation, said CEO Darren Entwistle’s “direct” compensation – salary, bonus and stock awards – was $15.77-million in 2021. Mr. Entwistle has served in his role for more than two decades, and the company cites its long-term stock performance as one of a number of factors for his industry-leading pay.
Dean Prevost, who became president of Shaw integration, took home $6.06-million in total compensation, up from $3.98-million the previous year, when he held the role of president of connected home.
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