Description: With shareholder pressure on the uptick, the latest survey of salaries among Canadian bank executives shows that overall compensation is down. Board’s may be looking at performance benchmarks more closely, accounting for some of the reduction in salary. But it is possible that the fact that four of the five CEO’s at the largest… Read more »
Posts Categorized: Accounting Theory
That’s quite a pay cut
Description: This past week we learned Barrick Gold executive chairman John Thornton earned just a little over $3 million for 2015. That doesn’t sound too bad, until you read that the year before Thornton was awarded almost $13 million, with almost $9.5 million coming from incentives. Barrick Gold drew the attention of three major pension… Read more »
Google and taxes
Description: Google has settled a six year tax audit with the British government; the amount owing – 130 million British pounds. And Google faces a similar tax bill in Italy while the government of France threatens to collect about three times as much from the Internet search-engine king. But don’t feel too sorry for Google…. Read more »
Try this!
Description: Looking for an edge as you graduate this spring and look ahead to your career? Could it be as simple as trying three simple things? Columnist Leah Eichler offers three simple tips to give you an edge at work: Stretch yourself Tell great stories Be happy Source: Globeandmail.com Date: December 31, 2015 Link: http://www.theglobeandmail.com/report-on-business/careers/career-advice/life-at-work/three-simple-strategies-for-keeping-your-edge-at-work/article28081974/… Read more »
Different cultures, different expectations
Description: Bernadette Wightman can now smile. On the street that is. Now serving as president of Cisco Canada, Wightman comes to her post after previously serving as a Cisco executive in Russia where she discovered it is not considered socially acceptable to smile at strangers. It’s an important reminder of the need to be sensitive… Read more »
Drilling off Nova Scotia
Description: Shell has been given permission to begin test drilling offshore of Nova Scotia. Shell told the regulator that it would be able to have capping technology available in event of a blowout in 12 to 13 days, versus its previous statement that it would take 21 days to bring the technology to a well…. Read more »
Chip Wilson speaks out
Description: Ousted Lululemon Chair, Chip Wilson, had some things to say about the company he founded. The clothing company has been facing pressure from rivals such as Under Armour, pressures which had driven down Lululemon’s market value in recent months. Wilson remarked that while Under Armour has about three times the market value of Lululemon,… Read more »
Paper flyers keep on flying
Description: The digital world has had a deep impact on media such as movies, television, music and magazines. But for some reason, the much-maligned paper advertising flyer seems to be doing just fine. “Customers love their flyers,” said retail executive David Thorpe in a recent Globe and Mail. Apparently 98% of Canadians examine a flyer at least… Read more »
Pension takes off
Description: This past week Air Canada announced that it is raised retierment compensation for its CEO, Calin Rovinescu. The amount of his pension at $791,300 will be close to double its previous amount and is conditional on remaining with the airline for another three years. Unifor, the union that represents the Air Canada customer service… Read more »
Pension funds say on pay
Description: Three major pension funds are ready to throw out the board of Barrick Gold because they are concerned about the company’s executive pay plan. One of the three pension funds also expressed concerns about pay practices at CIBC. Although these funds are only minority shareholders, their public statements may raise important points regarding concerns… Read more »
Burnley Understanding Financial Accounting, 3rd Canadian Edition
Kimmel Financial Accounting, 8th Canadian Edition
Weygandt Accounting Principles, 9th Canadian Edition
Kimmel Survey of Accounting, 2nd Edition
Kieso Intermediate Accounting, 13th Canadian Edition
Weygandt Managerial Accounting, 6th Canadian Edition
Farmer Cost Accounting, 1st Edition
Savage Accounting Information Systems, 1st Edition