Live Breaking News & Updates on Gregoryd Tretiak

Stay updated with breaking news from Gregoryd tretiak. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Power Corp. pays Desmarais brothers $2.9-million apiece


Christopher Katsarov
Power Corp. paid Paul Desmarais Jr. and André Desmarais nearly $2.9-million apiece in 2020 as the two left their co-chief executive officer roles in a reorganization.
The figures include stock-option awards of nearly $1.7-million apiece, granted a week after they left their executive jobs in February, 2020, to remain on the company’s board as chairman and deputy chairman, respectively. The awards were part of a number of sizable option grants to executives to provide multiyear incentives, including $6-million in options for new CEO Jeffrey Orr, Power said.
Power completed a restructuring last year that saw it privatize its Power Financial Corp. subsidiary, long a separate TSX-listed company. The reorganization came after years of flat stock-price returns and shareholder discontent that saw a growing number of votes withheld from the Desmarais brothers in each year’s director elections. ....

Christopher Katsarov , Paul Desmarais Jr , Jeffrey Orr , Gregoryd Tretiak , Power Financial Corp , Power Corp , Desmarais Family Residuary , Paul Desmarais , Power Financial , Desmarais Family Residuary Trust , பால் டெஸ்மாரைஸ் ஜூனியர் , ஜெஃப்ரி ர் , பவர் நிதி கார்ப் , பவர் கார்ப் , டெஸ்மாரைஸ் குடும்பம் எச்சம் , பால் டெஸ்மாரைஸ் , பவர் நிதி ,