The grocery executive got a $1.2-million raise, bringing his total pay to $11.79-million
Grocery executive Galen Weston received a $1.2-million raise in 2022, bringing his total pay to $11.79-million, after consultants hired by his family-controlled company determined that he was underpaid.and as chairman and chief executive officer of George Weston Ltd., the holding company controlled by the Weston family. George Weston is Loblaw’s largest shareholder.
in an attempt to explain that inflation is the result of global factors and cannot be blamed on retailers.appearances before a House of Commons committee “The results of Meridian’s 2022 review suggested that Mr. Weston’s total direct compensation was below the market median and Weston’s and Loblaw’s compensation policy objectives,” the proxy states.
Mr. Dufresne made $6.73-million in 2022, up from $6.64-million in 2021. Robert Sawyer, the chief operating officer of Loblaw, made $9.36-million in 2022, up from $7.52-million the prior year. Group representative Willie Gagnon referred to an opinion piece in La Presse by Sylvain Charlebois, the director of the Agri-Food Analytics Lab at Dalhousie University, which pointed out the sensitivity of awarding such bonuses while food prices have surged.
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