Topic Results: Chief Executive Officer

April 6, 2015

Cost-cutting Mosaic CEO collects $5.5 mln pay raise

” U.S. fertilizer producer Mosaic Co boosted its chief executive officer’s pay last year by more than $5 million as a reward for slashing costs and jobs, a regulatory filing shows. Construction of excess potash capacity and fiercer competition have pressured the sector, and leading North American producers Mosaic, Potash Corp of Saskatchewan and Agrium […]

February 3, 2015

How Pershing Square found success at Canadian Pacific Railway

In 2011, Pershing Square Capital Management, an activist hedge fund founded by William (Bill) Ackman, acquired some 14.2% of Canadian Pacific Railway’s outstanding shares and proceeded to require several changes in the management and governance of the company. The CP board resisted fiercely his entreaties. A memorable proxy fight ensued, which was won by Pershing […]

December 6, 2013

Rethinking CEO’s golden parachute

[…] “Professor Yvan Allaire, chair of the board of directors of the Institute for Governance of Private and Public Organizations (IGOPP), an initiative of HEC Montréal and Concordia University, objects to CEOs receiving such large payments when a firm is sold. If it’s a negotiated sale, he believes CEOs with golden parachutes will be more […]

November 15, 2012

Rona puts up legal barrier to Invesco board challenge

“[…] Invesco bought the bulk of its current Rona stake in May 2007 at a price varying between $17.10 and $17.75 per share so its current state of mind is understandable given the share drop since then, said Yvan Allaire, executive chair of Montreal’s Institute for Governance of Private and Public Organizations. Still, Invesco backed […]

May 22, 2012

IGOPP Calls for Executive Compensation Reform

The IGOPP announced today the release of their most recent policy paper on executive compensation, entitled “Pay for Value: Cutting the Gordian Knot of Executive Compensation”.

February 2, 2012

Governance: In your Face… book!

The imminent initial public offering of Facebook Inc. shares has the hallmarks of a momentous event: the number of instant millionaires and billionaires, the implicit market value of a toddler company, the young age of its founder, and so on. But what is also remarkable about the Facebook IPO is the way its founder intends […]

January 16, 2012

The last temptation of Mr. Harrison

E. Hunter Harrison retired as CEO of the Canadian National Railways Corporation on December 31st 2009. His was a good, lucrative run at CN. On his leaving CN, he held $ 77 million in unexercised options with a further $18 million in restricted shares to vest in the future. He is receiving a pension of […]

April 27, 2011

Homage to Laurent Beaudoin and Paul Desmarais

For its fifth anniversary, on April 26th, the IGPPO gathered together “Quebec Inc.” to acknowledge the exceptional contribution made by two men who have marked the province’s economic development: Laurent Beaudoin and Paul Desmarais. More than 400 personalities from the political and business world attended the gala including Lucien Bouchard, Henri-Paul Rousseau, Clément Gignac, Jacques […]

April 1, 1997

Ceiling Unlimited

With all the pomp and circumstance of a D.W. Griffith movie spectacle, the ultimate business jet was unveiled in a cavernous hangar in Toronto last summer. While Prime Minister Jean Chrétien and other political heavies looked on –  an accompanied by a 45-piece orchestra and 1,000-strong choir belting out a rousing chorus – an enormous […]