Posted AT 2:27 PM EDT on 04/06/07
The high cost of executive pay
When Matthew Barrett retired in early 1999, newspaper headlines trumpeted the $20-million compensation payout he took home that year after 37 years at Bank of Montreal — the last 10 of them as CEO. Eight years later, his successor Tony Comper retired from Bank of Montreal with stock options, shares and share units worth almost $80-million, or four times larger than Mr. Barrett's holdings.
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