CAE boss saw his bonus double

Article Abstract:

CAE Inc. has granted its President and CEO John Caldwell a bonus of C$271,000 in fiscal 1998 to increase his total compensation to C$685,000. The company more than doubled his bonus from the C$120,000 Caldwell received in fiscal 1997. Caldwell, who also receives a C$412,000 salary, was also given a C$2,100 life insurance grant and up to C$50,000 in other benefits. The company granted the bonuses after posting increases in both profits and earnings for fiscal 1997. CAE recorded a 16% increase in profits to C$70.2 million and a 6% increase in earnings to C$922.4 million.

Comment:

Grants its President and CEO John Caldwell a bonus of C$271,000 in fiscal 1998 to increase his total compensation to C$685,000

Personnel administration, Ontario, CAE Inc., Article

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Fight 'futile' for Spar's embattled directors

Article Abstract:

The board of directors of Spar Aerospace Ltd. has backed down from a group of dissident shareholders who are seeking control of the company. Spar issued a proxy circular to shareholders which stated that the current board will give way to the seven nominess of the dissident group. However, the current board is asking shareholders to reject a modified poison pill that would allow the dissidents to consolidate their control over the company and the proposed payout that would drain the company's coffers. The dissidents control 58% of Spar Aerospace shares.

Canada, Stockholder data, Spar Aerospace Ltd.

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