Canadian Plastics

Royal Group Chops Executives’ Bonuses

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Heeding the pressure applied by its shareholders, Royal Group Technologies Ltd. announced that the 2002 bonus of CEO Vic De Zen has been cut to $3.8 million, from $5.6 million previously. The company ...

Heeding the pressure applied by its shareholders, Royal Group Technologies Ltd. announced that the 2002 bonus of CEO Vic De Zen has been cut to $3.8 million, from $5.6 million previously. The company also announced that president Douglas Dunsmuir’s bonus has been trimmed to $2.2 million, from $3.2 million previously, according to a report published in the Financial Post.

Additionally, Royal announced that it will replace its old bonus calculation system with one based on return on invested capital.

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