The Globe and Mail reports in its Monday edition that the best-paid Shopify executive is a relatively new face in the leadership suite: Kaz Nejatian, chief operating officer since September, 2022, who has earned $116.7-million over the past three years (all figures U.S.). The Globe's David Milstead writes that the figure includes $76-million in total compensation in 2023. The pay, which came largely through stock and option awards, is nearly twice the $60-million chief executive officer Tobias Lütke made from 2021 to 2023 and nearly five times the $24.9-million president Harley Finkelstein received. (Shopify gave Mr. Lütke stock awards in February of this year that it valued at $150-million.) Mr. Nejatian arrived at Shopify in 2019 as a vice-president of Shopify Money, which developed various payment systems for the company's customers. Previously, he had spent less than two years at Facebook as a lead product manager and five years running his own payments company, Kash. In its management information circular, Shopify says the compensation committee of its board made the stock awards "to ensure Mr. Nejatian is focused on fostering sustained performance and increasing shareholder value over an extended horizon."