Casting my mind back to that time, the media extravaganza caused by that simple resolution was astonishing. You might have thought the planet had just been invaded by alien creatures from a distant galaxy.
A recent article in the Regina Leader-Post and Saskatoon Star Phoenix entitled: PotashCorp president and CEO paid $17M, reminded me of that time. Constantly reading stuff like this article makes me wonder if those delegates didn't have a point.
Executive compensation is clearly out of control, and bears no relationship to what the other 95+% of us have come to accept as fair and reasonable. When is enough - enough?
The article opens as follows:
"The top five executives of Potash Corporation of Saskatchewan were paid $32 million in 2007 according to company documents, the same amount the federal Conservatives plan to give to Crown prosecutors to battle illegal drugs in its recently announced budget.
The sum does not include the value of the shares held by the top executives, which numbers $72.5 million -- $46 million of which belongs to company president and CEO William (Bill) Doyle, according to PotashCorp's management proxy circular released Friday." (read more....)