The Canadian PressApril 17, 2014 13:50
TORONTO - Rogers Communications (TSX:RCI.B) doled out nearly $40 million last year paying the two executives who held the top position at the telecom company.
Guy Laurence, who only stepped into the CEO role on Dec. 2, made a total of $12.7 million in 2013, according to figures disclosed in Rogers' annual report.
Retired CEO Nadir Mohamed took home total compensation of $26.8 million last year, the bulk of it coming from his retirement package.
Laurence, who was the former head of UK-based telecom company Vodafone, received a base salary of $69,231 for the year.