To keep the executive gravy train going. Keep in mind CVE is a constant underperformer in the industry. 2021 executive compensation, per the Management Information Circular:
Alex: Total compensation $13.4M (47% increase), $2.9M bonus (237% of salary),
Jon: Total compensation $5.6M (46% increase), $1.0M bonus (144% of salary),
Drew: Total Compensation $4.4M (43% increase), $0.8M bonus (128% of salary)
Check it out on sedar.com
Way to go boys!
8 replies (most recent on top)
Bunch of useless trolls who get folks worked up about nothing. There’s no reason for more layoffs right now.
Getting rid of some more useless Husky Tools again on Tuesday! Get it done
So when Tuesday comes and goes with no changes will you crawl back into the ho-e you slithered out of?
6 days till Taco Tuesday.. I hope everyone saved up there pennies!!
April 12 layoffs will once again be primarily Legacy Husky. It is another opportunity to unload high priced longer term employees. Then in a few months the positions will be refilled either by CVE or new external candidates. It is just good business.
Comments like the one below are always amusing. In my experience, the types who talk about 'WFH dead weight' are almost always projecting and provide minimal contributions themselves. Their 9-5 is floating by playing office politics, and railroading people to maintain their employment. Mind your own yard. Your time will come.
They need these layoffs to clean up all the dead weight that did no work for last two years from home... The gig is up. They tracked all the performance last few years..
Next year they will get double, $1 billion loss in hedging is not a big deal. Wasn’t that the value of synergies after the merger?