Enbridge Execs Got Big Pay Raises After Continent's Costliest Pipeline Spill
CEO's salary jumped 35 per cent to $8.1 million just months after disaster.
By Andrew Nikiforuk, Today, TheTyee.ca
Just months after Enbridge caused the costliest onshore pipeline spill in U.S.
history, the board of directors for Calgary-based Enbridge rewarded senior
executives with pay raises in 2010.
According to Enbridge's 2011 "management information circular" the company's 12
directors voted to raise their own annual retainers by $30,000 and increased
compensation for CEO and president Patrick Daniel from $6 million to $8.1
million in 2010.
Stephen J. Wouri, president of liquid pipelines, also saw his income increase
from $1.9 million to $2.7 million in 2010. In fact all executives received
substantial raises.
More at:
http://thetyee.ca/News/2012/07/12/Enbridge-Executives-Pay-Raise/?utm_source=daily&utm_medium=email&utm_campaign=120712
Ed
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