Canopy Growth laid off hundreds of employees in the past fiscal year, with their top executives earning millions of dollars in bonuses. — via TheGrowthOp
A total of $4 million was paid out to five of the company’s top brass in June, with CEO David Klein receiving $2.2 million.
President and Chief Product Officer Rade Kovacevic was awarded $659,000; CFO Mike Lee $579,000; Chief Commercial Officer Julious Grant $360,000, and Chief Legal Officer Phil Shaer $351,000.Article content Additionally, each executive was given a raise, with the exception of Klein. Although the raises were chump change when compared to executive salary and bonuses at just $14,000 to $25,000 per exec, comparatively, theKlein received a salary of $1.2 million, plus the aforementioned $2.2 million dollar bonus as well as $127,000 in additional compensation, earmarked “other” — totalling $3.7 million.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canopy Growth execs make millions in bonuses despite $1.7 billion lossCanopy Growth laid off hundreds of employees in the past fiscal year, with their top executives earning millions of dollars in bonuses. — via TheGrowthOp
Read more »
Canopy Growth execs make millions in bonuses despite $1.7 billion lossCanopy Growth laid off hundreds of employees in the past fiscal year, with their top executives earning millions of dollars in bonuses. — via TheGrowthOp
Read more »
Biden's bid to reinstate COVID-19 eviction moratorium rebuffed by CDCMore than 15 million people in 6.5 million U.S. households are currently behind on rental payments, collectively owing more than US$20 billion to landlords
Read more »
Rihanna is now officially a billionaireRihanna is officially a billionaire, according to Forbes. The business magazine on Wednesday reported the 33-year-old pop star's estimated net worth to be US$1.7 billion, making her the wealthiest female musician.
Read more »
Report: Curry, Warriors agree to four-year, $215M contract extensionTwo-time MVP Steph Curry has made history by reportedly agreeing to a four-year, $215-million extension with the Golden State Warriors.
Read more »