Quote:
Originally Posted by Drury18
United Way of Calgary and Area – 2011 Fundraising Total/Revenue - $58,526, 288
Salary of Dr. Lucy Miller - $300,000 - $350,000
Terra Energy – 2011 Revenue - $63,005,000
Salary of Cas Morel - $258,550
Carfinco Financial – 2011 Revenue - $59,583,000
Salary of Tracy Graf - $175,000
Rock Energy – 2011 Revenue - $54,832,000
Salary of Allen Bey - $240,000
Source: Companies from Alberta Venture 250 Highest Grossing Companies List. Salary Data from Bloomberg.
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Are you suggesting that the best way to compare companies, and the work done by a CEO is by how much money they make/spend?
Seems odd to me, but maybe that's the norm.
Personally, I would think that the number of employees would have a larger part to do with it.
Quote:
Originally Posted by GGG
How much are the stock options of those oil executives worth. You need to look at total cash-equivalent compensation. Even an entry level employee for a producer recieves 30% of their compensation in options and bonuses.
350k seams reasonable as a max salary.
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Thats a very good point, as well as considering bonuses. I have been in the non-profit world for 3 years now and one year we got a bonus, and it was about half a weeks pay. The other years we got a $25 Safeway giftcard at Christmas.
I have a feeling the oil industry, even in the hard times , never was that bad.