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Telus CEO shores up company’s stock with $10M purchase

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Darren Entwistle has bought nearly 400,000 Telus shares in recent weeks

Telus Corp. CEO Darren Entwistle has bought up $10 million in shares in the company he heads in recent weeks, Telus reports.

The company’s stock value has been falling since April 24, when the company’s stock was trading at $28.80 per share.“Investing significantly in Telus shares is consistent with Darren’s past practice of aligning his interests with those of Telus' close to 1.2 million shareholders,” the company said in a news release.

In early August, Telus announced it would be cutting 6,000 jobs due to issues around regulation and competition, including 4,000 at its main Telus business.

 

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