Bradley Shaw has had a good year.
According to The Globe and Mail, the company bearing his name paid Shaw $11.94 million in its 2021 fiscal year, almost double from what he made last year. That amount sat at $6.87 million.
Shaw is the executive chair and CEO of Shaw Communications.
Roughly $3.3 million of the increase came from pension accounting. His bonus was also increased to $6.12 million this year from $5.27 million last year. Shaw also received $2.88 million in stocks.
Rogers is currently in the process of buying out Shaw for roughly $26 billion. The transaction needs to be approved by Innovation, Science and Economic Canada (ISED), the Competition Bureau, and the Canadian Radio-television and Telecommunications Commission (CRTC).
The CRTC held the only public hearing into the merger last month. On the first day, Shaw said the merger was a necessity for spreading wireless services in Canada.
“By joining Rogers, we will expand and accelerate the multi-generational investments needed to close the digital divide and compete more effectively across Western Canada, while expanding competition to communities that currently have little or no choice,” he said.
A decision by the CRTC will likely come early next year.
Image credit: CRTC (screenshot)
Source: The Globe and Mail
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