The Globe and Mail reports in its Thursday edition that SNC-Lavalin paid chief executive officer Ian Edwards, the man designated to lead it out of a period of scandal and controversy, $8.02-million in 2020 -- his first full year on the job -- including $5.62-million in stock awards.
The Globe's David Milstead writes that $1.8-million of those stock awards came in the form of a one-time grant the company intended to give him in 2019, when he was appointed CEO, but could not because of restrictions in the company's insider-trading policy.
His pay package also included $1.03-million in salary and an annual bonus of $1.07-million, which he took in the form of stock in the company's deferred-share program.
SNC made him interim CEO in June, 2019, upon the departure of Neil Bruce, and awarded him the job that November.
Mr. Bruce made $5.45-million in 2018, his final full year as CEO. His 2019 compensation of $7.02-million included a bonus of $669,744 and the payout of $1.54-million in stock awards; since he technically retired, he did not receive a formal severance.
Mr. Bruce left just as SNC's stock price tumbled amid legal problems and possible sanctions from several countries and international groups.
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