Fortis to buy CVPS – Fortis CEO Compensation lots of Kilowa$$s

Thought you might like to know this.  $=Cdn

Stanley Marshall Fortis Inc. FTS

Salary:1,000,000

Bonus: 1,160,000

Subtotal: 2,160,000

% change from last year-1

Other: 231,859

Stock Awards s:1,407,600

Option Grants: 483,565

Pension Value: 622,444

Total: 4,905,468

% Change:14

Value of Unexercised in-the-money options:6,191,701

Value of unvested share based awards:: 2,281,199

Value of CEO’s equity:14,400,600

Company’s Accrued obligation to CEO Pension:13,649,228

That’s a lot of kilowatts!

Source: Globe and Mail June 1, 2011 Executive compensation rankings for Canada’s 100 biggest companies

3 thoughts on “Fortis to buy CVPS – Fortis CEO Compensation lots of Kilowa$$s

  1. Something to remember when we’re all struggling to keep the lights on next winter.

  2. My next task will be to figure out what % of our bills goes into his pocket.

    In 2005, it earned a profit of $137.1 million Canadian from revenue of $1.44 billion.[2]

    If it’s about the same then the 4.9 million is about 3.8% of profits and .3% of revenues.  

    So if you have a $100 bill, he pockets 30¢  not including the value of his equity, his unexercised options and the company’s accrued obligation to his pension

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