Latest news with #salary
CTV News
a day ago
- Business
- CTV News
Metrolinx's new CEO could earn a $137,000 annual bonus payment. Here is a closer look at his contract
The new CEO of Metrolinx won't make as much as his predecessor but could still take home more than $800,000 thanks to a lucrative bonus package. Michael Lindsay has been working as the interim CEO of Metrolinx since December 2024 but only took over as the agency's permanent CEO on July 1. According to an Order in Council detailing his three-year contract, Lindsay will earn an annual base salary of $686,566 but will also be eligible for a bonus payment of up to 20 per cent of his salary 'based on his performance evaluation.' If Lindsay maxes out the bonus payment, it would mean he would net an additional $137,313 in compensation in the form of a lump sum payment. He will also receive six weeks of paid vacation each year, per the terms of the contract. Phil Verster, the last Metrolinx CEO, made $883,99 in 2024, though it is not clear how much of Verster's compensation came in the form of a bonus payment. Verster was the fourth most paid public servant in 2024, according to the province's 2024 Sunshine List. Lindsay's salary would put him 23 on that list, excluding Verster. Lindsay was previously the president and CEO of Infrastructure Ontario. When he was named as Metrolinx's permanent CEO on June 25, board chair Dan Wright said that he was 'thrilled' to Lindsay in the permanent position. 'His proven ability to inspire the team and drive progress during the interim period gives the board great confidence in his leadership as we move forward.' Wright said in a Metrolinx press release. Lindsey takes over Metrolinx as work continues on finishing the much-delayed Eglinton crosstown LRT. Premier Doug Ford has previously said that opening the line, which was initially supposed to be finished in 2020, should be Lindsey's top priority and that he is 'fully in charge and going to get it done.' Ford has also indicated that it is possible the line could open as soon as September, though the former interim CEO of the TTC told a City of Toronto committee last week that he viewed that timeline as 'a reach.' 'I think September is a reach,' Greg Percy said. 'But, this fall is plausible, and certainly by year end. There's lots and lots of stuff going on that we need to fix to open safely, and that's what we're focused on.' In a Metrolinx press release in June, Lindsay said that he is looking forward to delivering 'the modern and high-quality transit network our communities need and deserve.'
CTV News
a day ago
- Business
- CTV News
Hydro-Quebec CEO's compensation could approach $1 million
Hydro-Quebec's new boss will be entitled to compensation that could approach $1 million if she receives her maximum bonus. The compensation of the new CEO, Claudine Bouchard, could reach $988,500, according to information contained in a decree issued by François Legault's government. Bouchard is entitled to an annual salary of $659,000. The board of directors may also grant her a performance bonus, but this cannot exceed half the value of her salary. With this promotion, Bouchard will see her annual salary increase by 11.7 per cent compared to what she earned as chief operating and infrastructure officer. In 2024, she received an annual salary of $589,948, for total compensation of $933,362, according to the Crown corporation's annual report. The new CEO's compensation is in line with that of her predecessor, Michael Sabia, who received a salary of $663,577 and total compensation of $839,516 in 2024. In 2025, Bouchard's compensation will be determined based on the number of months she served as CEO versus her previous position. Bouchard was appointed head of the Crown corporation on July 5, following Sabia's departure, when he became the federal government's most senior civil servant. She will be responsible for steering Hydro-Quebec's massive investments, which include plans to deploy $200 billion by 2035 to increase production and improve the reliability of its network. This report by The Canadian Press was first published in French on July 23, 2025.
Daily Mail
a day ago
- Sport
- Daily Mail
Colin Cowherd erupts at WNBA star Kelsey Plum for Caitlin Clark jab following All-Star Game stunt
Fox Sports' Colin Cowherd blasted Los Angeles Sparks star Kelsey Plum for a joke she made at Caitlin Clark 's expense that missed the mark. WNBA players are set to be locked in a fight with the league's owners over salary increases and other items as the collective bargaining agreement between the players' union and owners is set to expire at the end of the season. At this weekend's event, players wore shirts that said 'Pay Us What You Owe Us' - a pointed statement at the owners as they hope to cash in on the rising popularity of the league. Those shirts were agreed upon at a players meeting on Saturday morning. However, according to Plum, no one from 'Team Clark' (Caitlin's roster for the All-Star Game) attended. Plum joked, 'Not to tattletale but, zero members of Team Clark were very present for that.' Sabrina Ionescu, who was part of 'Team Clark', rolled her eyes and replied, 'That really needed to be mentioned.' Plum replied that she was 'trying to make the situation light'. "You went from a Motel 6 in a sketchy part of town to a Four Seasons in the shopping district. Stop talking." @colincowherd reacts to Kelsey Plum calling out Caitlin Clark at WNBA All-Star Weekend — Herd w/Colin Cowherd (@TheHerd) July 21, 2025 Kelsey Plum took a jab at Caitlin Clark over the WNBA All-Stars' calling out league owners Judging by that last comment, it's unclear if Plum meant that no one from Clark's team was physically at the meeting - or if they may have been tired or possibly recovering from a night before. Regardless, Clark and her team wore the shirts throughout the weekend in support of the players' united front to make a better living. But Plum's comments generated outrage across the internet at the time, and it was discussed again on Monday when Cowherd chipped in. After Cowherd remarked that the WNBA players are 'going to get a raise, there's no question', he then took aim at Plum's comments. 'Why do you take a shot at the golden goose, Caitlin Clark?' he asked. 'You guys were flying - before she arrived - on one of those airlines that made you pay for a cup of water. One of those airlines that... the planes are the color of a highlighter. Now you're flying private. 'You went from a Motel 6 in a sketchy part of town to a Four Seasons in the shopping district. Stop talking.' To be clear, Clark wasn't responsible for the WNBA upgrading its travel conditions for players - something the union and players had been demanding for years prior to her arrival in the league (owners who previously provided charter flights for players were even fined by the league before 2024).
Independent Singapore
2 days ago
- Business
- Independent Singapore
'Should I just reveal my last drawn salary if the job recruiter is forcing me to?'
SINGAPORE: 'Should I reveal my last drawn salary?' is the question that's quietly tortured jobseekers for years. And even though Singapore's Ministry of Manpower made it clear in 2020 that employers cannot insist on candidates disclosing their last drawn salary, the awkward ask still pops up in interviews like a bad ex at your new job party. So why do companies keep asking for it? Are they really trying to see if they can afford you—or are they preparing to lowball you? On an episode of CNA's Work It podcast, host Tiffany Ang and career counsellor Gerald Tan peeled back the curtain on this contentious topic—and served up some savvy advice on how to navigate it like a pro. Why employers want your last drawn salary (Hint: It's not just about budgeting) According to Gerald, it's not just 'some companies' who ask about your last drawn salary—it's 'many!' 'Companies need to ensure they can afford you,' he explains. 'They have a budget, and they want to know whether your salary expectations match it,' he added. But Tiffany, like many wary jobseekers, sees through the polite HR-speak. 'I don't see it as whether they can afford me. I feel that question is targeted towards whether they can lowball me later on.' Fair point. The lowball dilemma: Are you selling yourself short? Gerald agrees that candidates often lose their negotiation power once they reveal their last drawn pay. 'Many candidates feel that by revealing their salary, they start to get lowball offers. That's not what they want.' Tiffany adds: 'If they see my last drawn payslip, and I'm asking for a 20% jump, they might just go, 'Let's give her a 5% bump instead.'' Gerald says it boils down to risk and time for employers: if a company invests weeks interviewing you, only to find they can't meet your expectations, they'll have to start from scratch with another candidate. But that's their problem. You still have the right to protect your worth. Tip #1: Do your salary homework Gerald's advice is to arm yourself with market knowledge. Check job portals, salary reports, ads—see what others are being paid for similar roles, he says. 'Give them [recruiters] a [salary] range instead of a figure.' Let's say the average range is S$5,500 to S$6,500. Tell HR that your expected salary is within this ballpark—without revealing your previous salary. 'You're still not revealing your last drawn salary,' Gerald says. 'But you're giving them an idea of what you're looking at based on [the market] of what other employers are paying.' And if you want to play nice? Add that you're open to negotiation. Tip #2: Pivot the conversation back to the job When recruiters persist, Gerald suggests redirecting the conversation back to the job: 'Say something like, 'I prefer to discuss this after I've had a chance to understand more about the job and requirements because I think I can contribute and be a good fit.'' This tactic keeps the spotlight on your skills and value, rather than letting salary expectations become a dealbreaker before you even sit down. But what if HR is pushy? Tiffany asks the question we've all had in our heads: 'What if they insist? [What if they say], 'I want you to give me your last drawn salary,' they ask you point-blank. What can you do then?' Gerald offers a diplomatic escape route. You could say, for example, I'd be happy to discuss salary later in the process. At this point, I would like to learn more about the role and how I can make the best contribution. If the recruiter still insists? It might be a red flag. 'If the company rejects you solely because you didn't provide any salary expectations to them, then it could be a good thing,' Gerald says. 'They didn't value your skills [and experience].' Don't spoil the market (please) In a light-hearted moment, Tiffany half-jokingly pleads: 'Everybody, don't spoil the market, yeah?' That's right—when jobseekers give up their salary history too easily, it reinforces the habit in recruiters and makes it harder for others to negotiate fairly. But what about external recruiters? There's one caveat, though, Gerald says: for external recruiters or headhunters, 'If they ask for your last drawn salary, it's okay to reveal it to them. They do want to help you,' he explains, because they benefit from it too when you get a higher salary. Losing a job isn't the worst thing If you're worried that holding your ground might cost you the job, Gerald offers a comforting truth: 'If you negotiated for a better salary and still [didn't] get the job, don't blame yourself. If you did your research and know your market value, then try as much as possible to hang on to it.' Sometimes, not getting an offer can be a blessing in disguise. 'Don't see it as a missed opportunity,' Tiffany says. It could be for what's best for the moment. Bottom line: You're not obligated to reveal your last drawn salary, even if they ask. Do your homework, stand your ground, and steer the conversation back to your value—not your past payslip. If an employer can't see your worth without peeking into your wallet, then maybe they're the one who's not the right one and a good fit for you. Read related: From 'Tell me about yourself' to 'What's your salary expectation?' — How to answer tough job interview questions (what to say and not to say)
Yahoo
2 days ago
- Business
- Yahoo
NFL Star Odell Beckham Jr., Who Converted His Salary To Bitcoin In 2021, Says, 'Safe To Say We Still Our Happy With Our Decision'—Here's What It Is Worth Now
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. NFL star Odell Beckham Jr. may be having the last laugh against critics of his decision to take his salary in Bitcoin. When Beckham opted to convert his 2021 base salary of $750,000 from the Los Angeles Rams to Bitcoin as part of an endorsement deal with the Block-owned (NYSE:XYZ) Cash App, critics were quick to argue that he was making a mistake. These critics only grew louder as a market crash ensued the following year, which saw Bitcoin lose nearly 80% of its value. But now, nearly four years after the Bitcoin bet, Beckham is the one who is smiling. 'Sooooo Bitcoin is at an ALL TIME high to say we still happy with our decision,' he said on X on July 14 as the asset surged to record highs above $120,000. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . When Beckham announced his Cash App deal, Bitcoin traded near $60,000. At last look, the asset is trading at $118,000, up 96% from then, suggesting that Beckham's $750,000 payout is now worth $1.47 million. Take away federal and state income taxes of 49.3% combined on the $750,000, and Beckham would still be left with over $1.1 million, nearly three times more than he would have taken home had he left the salary in cash. This is, of course, assuming that Beckham has refrained from selling any of his BTC through the downturn and the recent rally. Regardless, Beckham has taken advantage of the renewed attention in recent months to highlight that his deal with Cash App remains active, offering referrals $20 BTC bonuses. 'People doubted me when I accepted my Cash App paycheck in Bitcoin,' he said in June. 'Jokes on you." Trending: New to crypto? on Coinbase. Beckham's Bitcoin move had followed similar decisions from other NFL stars. In December 2020, now-retired lineman Russell Okung announced he was taking half his $13 million Carolina Panthers salary in Bitcoin. Then-New York Giants running back Saquon Barkley followed suit in July 2021, announcing that he planned to convert all his income from marketing deals and endorsements into Bitcoin. At current prices, Okung's investment is valued at $22 million, while Barkley should be up a healthy 260%. The recent change in the fortunes of the NFL players comes as the U.S. government has warmed to the cryptocurrency industry with President Donald Trump's return to office. In just a few months, he has pushed several pro-cryptocurrency policies. At the same time, institutional demand for the asset has continued to grow, as evidenced by inflows to spot Bitcoin exchange-traded funds launched in the past year. In addition to this institutional demand, public companies led by MicroStrategy (NASDAQ:MSTR) continue aggressively accumulating the asset. Amid these tailwinds, proponents say that Bitcoin still has significantly more room to the upside, with some observers predicting it will hit $200,000 by year-end. If that happens, naysayers can expect more 'I told you so's' from Beckham. Read Next: A must-have for all crypto enthusiasts: . Accredited investors can —with up to 120% bonus shares—before this Uber-style disruption hits the public markets Image: Shutterstock This article NFL Star Odell Beckham Jr., Who Converted His Salary To Bitcoin In 2021, Says, 'Safe To Say We Still Our Happy With Our Decision'—Here's What It Is Worth Now originally appeared on Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
