October 24, 2021

The Queens County Citizen

Complete Canadian News World

More than 13 million for the CEO of Power Corporation

More than 13 million for the CEO of Power Corporation

Power Corporation Bigg Boss Jeffrey Orr earned nearly $ 13.1 million in 2020, slightly higher than the year before.

In 2019, the total compensation to Mr. Orr is 7 12.7 million.

Executive 2020 received a fixed base salary of 78 4.78 million. In contrast, what he gained in stocks and stock options increased from $ 5.4 million in 2019 to .19.1 million in 2020.

Jeffrey Orr’s wages would have risen further if the deterioration in his future pension benefits had not been adjusted, a change that would have taken 4 1.4 million from his total compensation in 2020.

At age 65, Mr Orr earns a maximum of $ 2.5 million a year in retirement benefits, while previously he was entitled to at least $ 6.56 million a year.

Desmaris Brothers

Remember that when Andrei and Paul Jr. desmerized in February 2020, the leader replaced them as head of the Montreal Confederation.

However, the two brothers are well paid as Chairman (Paul Jr.) and Deputy Chairman (Andre) of the Power Corporation Board of Directors.

Last year’s total compensation was approximately $ 9 2.9 million each, some of which included 7 1.7 million options.

In 2019, the two sons of Paul Desmeris received a total compensation of over $ 8 million.

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