Carney held US$6.8 Million of Brookfield options before quitting for political run
Mark Carney held stock options in Brookfield Asset Management Ltd. that were worth US$6.8 million at the end of December, but the investment manager’s annual 10-K filing offers little information about how much it paid the man who is now Canada’s prime minister.
Carney held options on 409,300 shares at the end of 2024 with an average strike price of $37.54, Brookfield said in its annual disclosure. The former central banker was chair of firm until Jan. 16, when he resigned to run for the leadership of the governing Liberal Party of Canada. He won and was sworn in as prime minister on Friday, replacing Justin Trudeau.
Brookfield’s regulatory filing says that three directors — Carney and longtime executives Sam Pollock and Cyrus Madon — received a combined amount of $7.5 million in salaries and cash bonuses, plus a small retirement savings contribution, as employees of the company. But it doesn’t break out how much each man was given.
hief Executive Officer Bruce Flatt was paid $4.8 million by Brookfield Asset last year, while Connor Teskey, the president and chief of its renewables business, made $7.8 million. Carney was not one of the five named executive officers at Brookfield whose salary and bonus must be revealed to investors.
Source: BNNBLOOMBERG
