The Globe and Mail reports in its Monday edition that most of Canada's large cannabis companies faced shareholder blowback in 2024 for the millions of dollars their chief executive officers made after years of stock-price declines. The Globe's David Milstead writes that Tilray, Canopy, Aurora and SNDL all had significant numbers of shareholders either oppose their executive compensation packages in advisory say-on-pay votes last year or signal their displeasure by withholding votes for directors who sit on board compensation committees. At Tilray, chief executive officer Irwin Simon has long topped the industry in pay, even though his $10.14-million (U.S.) in the year ended May 31, 2024, was down from the $15.66-million (U.S.) and $19.46-million (U.S.) of the two prior years. At Canopy, CEO David Klein made $7.61-million (U.S.) in the year ended March 31, 2024, up from $6.46-million (U.S.) the previous year. Aurora CEO Miguel Martin made $8.02-million in the year ended March 31, 2024, up from $6.72-million in the previous period. SNDL, which, by market capitalization, is now more valuable than Canopy and Aurora, paid CEO Zachary George $10.28-million in the year ended Dec. 31, 2023, compared with $8.16-million in 2022.
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