• M1

Shaw CEO gets $4.4 million more in pay while letting go of 2,700 employees

One of Canada’s largest telecommunications companies, Shaw Communications, had a stellar showing this past financial year. The corporation brought in over $700 million in net income during 2019.

Shaw’s executives enjoyed a considerable bump in their pay as a result. CEO Bradley Shaw saw his total compensation jump by roughly $4.4 million up to $12 million. President Jay Mehr received almost $9.2 million last year, an increase of $2 million from the year prior.

The company’s lower-level employees, however, did not reap the same benefits. Shaw Communications has let go of 2,700 of its workers as part of a larger restructuring. The move is expected to clear up nearly $200 million in ‘savings’ for the firm.

Of course, executives at Shaw are rewarded generously. The company’s infamous Supplemental Executive Retirement Plan (SERP), a pension plan for 15 legacy executives, is funded at nearly $500 million. That’s quite a pension for so few people.

It’s business as usual, it seems. Workers are let go to make companies more profitable and the corporate executives feast on the remains.


Recent Posts

See All

M1 Executive Statement

Dear M1 members, Over the past few months, there have been statements on Social Media and within the public forum demanding change within our society at large, and specifically here within Corus. We


Contact Us


Media One

Bylaws and Policies

204 797-2324

UNIFOR – Guide for Local Union By-Laws

UNIFOR – Constitution


Unifor Media Council

Media Action Plan

Canadian Association of Black Journalists

© MediaOne  Web Design by Upsite