The Globe and Mail reports in its Tuesday edition that turnover at the top can be an expensive proposition for a company -- especially if the former chief executive officer sticks around. The Globe's David Milstead writes that a review of executive pay at 15 energy and precious-metals mining companies in the S&P/TSX 60 finds that seven have changed CEOs since the beginning of 2022. In some cases, such as at Suncor Energy, severance and sign-on payments cost shareholders tens of millions of dollars. At other companies, however, the decision to allow the CEO to slide into an "executive chair" role creates two high-paying positions at the top where previously there was one. For example, in February, 2023, Cenovus Energy said that CEO Alex Pourbaix, 57, would move to the role of executive chair at the company's annual meeting in late April of that year. Jon McKenzie, the company's 55-year-old chief operating officer, became CEO. In September, Cenovus promoted Keith Chiasson to COO to replace Mr. McKenzie and promoted Doreen Cole to replace Mr. Chiasson as executive vice-president, downstream. The combined pay of $16.78-million was 31 per cent higher than what Mr. Pourbaix made in 2022.