The Globe and Mail reports in its Wednesday edition that Canadian Tire executives received no cash bonuses for 2023 as results fell short of expectations amid consumer cutbacks on discretionary purchases. The Globe's Susan Krashinsky Robertson and David Milstead write that by way of comparison, last year chief executive officer Greg Hicks received $983,974 from the company's annual incentive plan on top of his $1.25-million salary. In 2021, a year in which Canadian Tire blew through its targets, Mr. Hicks received a $2.6-million bonus. The decline in bonuses was partly offset by Mr. Hicks's $50,000 raise last year, as well as a nearly $500,000 increase in the value of his share-based awards and stock options, to $4.55-million. In total, however, Mr. Hicks's compensation fell to $6.04-million in 2023 from $6.49-million in 2022. Canadian Tire stores have seen less foot traffic, and the company is "operating through what I would call structural uncertainty," Mr. Hicks said in February. The Globe notes that few large Canadian companies deem their performance so bad as to eschew an annual cash bonus. The Globe's survey of 2022 pay at 100 large S&P/TSX Composite-listed companies, just nine CEOs received no bonus.