Aurora Cannabis Inc. handed out millions in compensation and salary increases to executives as the company was laying off more than 1,000 workers and reporting billions in losses. For some, the increases for the fiscal year ended June 30 doubled the value of the compensation they received the year prior and tripled what they received a few years ago. Aurora did not immediately respond to a request for comment about why increases were granted amid turmoil at the company. Executive chairman earned $2.8MMichael Singer, the company's current executive chairman, succeeded Booth as interim chief executive, earning him about $2.8 million during the most recent fiscal year. The company's proxy circular says its compensation program is built around motivating and retaining talent and aims to incorporate a balance of short- and long-term rewards and align executives' financial interests with shareholders.

Source: CBC News October 02, 2020 17:37 UTC