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Loblaw paid new CEO Per Bank $22-million in 2023

Summary by Ground News
Loblaw Cos. Ltd. paid its new chief executive Per Bank $22.1-million last year. Mr. Bank took on the top job at Canada's largest grocer on Nov. 1. His package includes a $1.315-million annual salary, a target annual bonus of nearly $2-million, and a target of $7.2- million in annual long-term incentives.

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Lean Left

Canadians slam Loblaw CEO Per Bank after learning he was paid $22 million in 2023

Per Bank, Loblaw Companies Ltd.'s new CEO, received a whopping $22.1 million in 2023, and Canadians have plenty to say about it. Galen Weston stepp...

·Canada
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TVA NouvellesTVA Nouvelles
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$22.1 million for Loblaw’s new CEO

Loblaw's new president and CEO, Per Bank, went to the cash register by cashing in $22.1 million last year.

·Montreal, Canada
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The Globe & MailThe Globe & Mail
Center

Loblaw paid new CEO Per Bank $22-million in 2023

Mr. Bank has taken over leadership of the company as it continues to deliver financial results exceeding internal targets, but as it also faces public and political backlash over high food prices

·Canada
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  • 67% of the sources lean Left
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The Globe & Mail broke the news in Canada on Monday, April 1, 2024.
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