Niko Resources, CPE and Suncor pass down paycuts for execs >
Sometimes we get amazing content that, for lack of space, just doesn't make it into the print edition of Alberta Venture magazine. This is one of those cases. Here are Marzena Czarnecka's supplements to her story, The Year the Penny Dropped >
Question: Should executive compensation be left entirely up to the market?
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On September 26 former WorldCom Inc. chief executive Bernard Ebbers, once an Alberta boy, drove his Mercedes to a Louisana medium-security federal prison to begin a 25-year sentence for orchestrating an $11-billion accounting fraud that made him rich but drove his company into bankruptcy and hurt millions of investors, customers and employees.
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Compensation is a powerful tool to attract and retain the top-level people to lead and grow a company. Find out how Alberta-based companies pay their executive staff in our first ever Executive Salary Survey
With an unemployment rate of only 5.8% in Alberta, attracting and retaining the top-level people to lead and grow companies is not a simple quest. Compensation is a powerful part of the package which keeps the right people in the right place. Offering the right combination of salary and benefits is key but what it takes to be competitive in the marketplace is not always obvious. >
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