STM’s top boss gets nice raises
The remuneration of Marie-Claude Léonard, top boss of the STM, rose by 6.5% from 2023 to 2024. Its unions are not happy.
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Kate
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jeather 11:11 on 2025-05-12 Permalink
Executives should have total compensation increases limited to the union salary increase where that exists.
Kate 11:21 on 2025-05-12 Permalink
They may be getting around that idea with “bonuses”.
jeather 11:40 on 2025-05-12 Permalink
That’s why I said total compensation. (This does allow stock option games, of course.)
max 13:33 on 2025-05-12 Permalink
Wild numbers. It’s not just the rise. But the overall amount. One thing that’s never discussed in these articles is the market distorting impact on these kinds of salaries. People with these salaries are buying up all the assets, and making the market contort around them with the centripetal force of their purchasing power.
I read a research paper at Institute for New Economic Thinking about how the central banks raise of interest rates failed to curtail spending because it was driven mostly by such a small group of super high income individuals that the interest rates didnt impact them. And if it were increase enough to reach them, it would tank the rest of the economy.
These dynamics are going to generate some crazy politics…