Complete compensation for the highest 5 workers at Société des alcools du Québec (SAQ) has surpassed $2 million for the primary time.
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In fiscal 2022-2023, they shared $2,061,280 in comparison with $1,964,000 a yr earlier, a 5% improve.
These figures don’t embody the contributions to the pension fund made by SAQ. If they’re added in 2022-2023, the bosses’ whole compensation can be $2,387,618.
Catherine Dagenais, the CEO, noticed a 2.6% wage improve to $542,236, or $572,330 with the retirement plan. She is going to retire with a further examine for $450,000 within the subsequent few days.
Edith Filion, Chief Monetary Officer, noticed the most important improve this yr at 8%. His wage elevated to $513,129 after we embody SAQ’s $85,136 contribution to his retirement plan.
Luc Bourdeau, vp of provide chain, now makes $468,500 in comparison with $423,387 for Carl Boucher, head of IT.
Martine Comtois, engaged in company affairs, makes $347,836 or $410,272 from the retirement plan.
SAQ employs the equal of 5,609 full-time workers and generates $440.8 million in payroll. The median wage is $78,587, a rise of 6.6% in comparison with 2021-2022.
Enhance in dividends paid to the state
This data may be discovered within the SAQ annual report printed on Wednesday. The state-owned firm’s earnings rose 5.6% over the interval 2022-2023, which interprets right into a dividend of $1.4 billion.
A development that has already been noticed is confirmed: the SAQ sells much less wine. Gross sales within the department community and within the meals commerce fell by 800,000 liters, which corresponds to at least one million bottles of wine.
Nevertheless, because of the 2 worth hikes previously few months, wine gross sales have elevated in greenback phrases.
If the SAQ sells much less of its flagship product, it sells considerably extra spirits (+ 1.5 million liters) and ready-to-drink drinks (+ 1.3 million liters).