MONTREAL — The head of Canada's second-biggest railway enjoyed a big jump in compensation after a historic year for the company as it integrated a major acquisition.
The pay bump for the entire C-suite stemmed largely from share-based awards and cash bonuses after Calgary-based Canadian Pacific merged its operations last April with Kansas City Southern. The one-time equity allocation accounted for most of the rise in share-based awards, which added up to $36 million for the firm's five highest-ranking executives. The awards, in turn, accounted for the vast majority of their overall compensation increase.
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