Metro paid its chief executive, Eric La Flèche, $5.5 million, Sobeys paid chief executive Michael Medline $6.67 million and Loblaws paid Galen Weston $11.79 million.
This despite a strike by workers at Toronto’s Metro stores, a cybersecurity breach at Sobeys and a bread price-fixing scandal at Loblaws. And consumer anger about rising profits and food prices.
In all three cases, salaries were much less than bonuses, often paid in the form of stock options.
The Toronto-area strike cost Metro $36.3-million. The cybersecurity breach cost Empire about $32 million, and that’s after insurance compensation. Lolblaws paid a $50 million fine for bread price-fixing.
