Galen Weston is president of Loblaw Companies Ltd. – Loblaw – CNW Group Sylvain Charlebois suggests (April 11) that it’s unlikely that Galen Weston (who owns 56 per cent of a family company that owns 52 per cent of Loblaw, and by a stunning coincidence is also the Loblaw CEO) would have been hired away by Costco or Walmart if Loblaw hadn’t given him a 52 per cent raise.
Charlebois is no doubt right; surely Weston’s family loyalty would have kept him in the corner office if Loblaw had cut his pay to a mere five million a year, even […]
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