Telus CEO Darren Entwistle has announced he will receive his $1.6 million base salary exclusively in company shares, reaffirming his confidence in Telus’s future amidst a profit decline. In the first quarter of 2024, Telus reported a net income of $140 million, down from $224 million the previous year, attributed to higher debt payments and restructuring costs.
Entwistle’s decision contrasts with his peers at Bell and Rogers, who take their base pay in cash. This move, which Entwistle also made from 2010 to 2015, highlights his commitment to the company and indifference to recent federal tax changes.
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