05:51:39 EDT Thu 28 Mar 2024
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BCE Inc (2)
Symbol BCE
Shares Issued 898,446,006
Close 2017-03-22 C$ 58.75
Market Cap C$ 52,783,702,853
Recent Sedar Documents

Post says BCE cuts CEO Cope's pay by 7% to $10.8M

2017-03-22 09:25 ET - In the News

The Financial Post reports in its Wednesday edition that BCE paid chief executive officer George Cope slightly less last year than it has in the past after the telco's financial performance fell below internal targets. The Post's Emily Jackson writes that Mr. Cope's total compensation fell nearly 7 per cent to $10.8-million in 2016 from $11.5-million the prior two years, according to Bell's annual proxy circular. His target compensation remained static, but his annual short-term incentive dropped since Bell did not meet its internal revenue and EBITDA (earnings before interest, taxation, depreciation and amortization) targets. Bell blamed a decline in its wireline segment for the missed revenue target and "certain CRTC decisions" for negative impacts on its media and wireline earnings. It did not specify which decisions. Still, the board gushed about Mr. Cope, who took the helm of Bell in July, 2008, for his leadership. "The board and compensation committee firmly believe that Mr. Cope's leadership guided the company to growth across all financial metrics, while leading the Bell team in its solid performance executing" the company's strategy, chairman Gordon Nixon wrote in a letter to shareholders.

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