Fonds de solidarité FTQ reduces new CEO's pay package
Canadian private equity and venture capital firm the Fonds de solidarité des travailleurs du Québec FTQ has decided to increase disclosures concerning compensation of top professionals, emulating the transparency of public companies. It has also reviewed the compensation paid to the Fonds de solidarité FTQ's president and CEO. It was determined that the new president and CEO, Gaétan Morin, will receive a salary of $625,000 but see some retirement benefits reduced. As a result, his total compensation will be about 18 percent less than his predecessor’s.
13 August 2014•3 mins read
