The Contract Action Team would like to share information on Chief Executive Officer (CEO) Compensation at Algoma Steel. The table below shows the CEO compensation from 2001 to 2006 and covers the current and previous CEO.

 

2001

2002

2003

2004

2005

2006

CEO wages

487,500

435,000

432,000

503,687

515,000

525,000

shares

127,846

233,477

100,000

6,139,906

212,940

bonus

30,000

/

910,600

933,740

other compensation

12,000

137,000

12,000

12,000

TOTAL CEO $

$487,500

$435,000

$474,000

$640,687

$1,437,600

$1,896,620

Workers costs

30%

25%

23%

25%

22%

24%

Increase from 2001

$1,409,120

Increase in CEO compensation 2001 to 2006

289%

 

Excluded from the above table is any bonus or bonuses received for the sale or merger of the company nor does it include any cash received from the sale of shares. Also, in an article by a Steel Industry report there was a table that showed Steel Executive Compensation for 2006. There was a table that compared all the CEOís in North America. There was a total of 22 Steel Company CEOís being compared. Our CEO, at Algoma, had the 2nd highest bonus percentage increase at 124% !!

 

 

ITíS ONLY

FAIR

WE GET

OUR

SHARE!

 

í07 GAINS FOR PAST PAIN$