This would be fine but their starting salary isn't competitive. Options are valued by using the Black-Scholes inputs disclosed by the company, and the closing price at its fiscal year end. Friisdahl said, effective Wednesday, MLSE's executive leadership team is taking a temporary salary reduction of 20 to 25 per cent. Around 3.2% of companies in the Russell 3000 received less than 50% shareholder support for their executive pay plans, data compiled by Bloomberg Intelligence show. The newly appointed chief executive officer of Sculptor Capital Management Inc. would almost certainly make around $100 million a year, they told the hedge funds board. In 2023, once shes collected all the shares included in the package, shes poised to own roughly 3% of the company. These past nine months have been the most challenging we have ever experienced, and while we had hoped to see signs of a return to a more normal business operations by now, the effects of the second wave of the pandemic have forced us to brace for further uncertainty, stated president and CEO Michael Friisdahl. Interestingly enough, the National Football League adopted the player draft format for their 2014 all-star game, the Pro Bowl. Ms. Devine is currently a member of the board of directors and the chair of the audit committee of Empire Company Limited, the parent company of food retailer Sobeys and a board member of the Royal Bank of Canada. Last year now stands as the most lavish on record for executive compensation by almost any measure. The lowest salary for a CEO in United States is $105,632 per year. Similar Job Titles: In the wake of leagues suspending play, MLSE announced help for hourly employees in the form of a payment to top up their Employment Insurance benefits to 95 per cent of their regular average earnings through the regular season, which was for some four weeks at the time. Eaves also has oversight of MLSEs LIVE division that brings hundreds of world-class music and entertainment events to its venues each year.A veteran of the sports and entertainment industry, Eaves came to MLSE from Woodbine Entertainment Group where he served as President and Chief Executive Officer from 2010 to 2015 after holding numerous senior positions over a 20-year period. Levy Chief of Staff. presentation-ready copies of Toronto Star content for distribution Newspapers Limited, 8 Spadina Avenue, 10th Floor, Toronto, ON M5V 0S8. This copy is for your personal non-commercial use only. The Bloomberg Pay Index is a ranking of the highest-paid executives of publicly traded companies that file compensation data to the US Securities and Exchange Commission. Tom, his wife Julia and their three daughters are residents of Uxbridge, Ontario and are active organizers and participants in the annual Terry Fox run and fundraising efforts in support of cancer research. Remarkably, he has the distinction of being the only player in NHL history to exceed 600 goals and 2,000 penalty minutes for an entire NHL career and only 12 men have scored more goals in league history. For a fourth straight year, the pack is being led by Tesla Inc.s Elon Musk, whose mega-grant from 2018 is allocated over a decade by the Bloomberg Pay Index. Prior to joining Tim Hortons, Ms. Devine served in senior financial executive positions for Maple Leaf Foods and Pepsi-Cola Canada. Read More Contact Who is MLSE Headquarters 50 Bay St Ste 500, Toronto, Ontario, M5J 2L, Canada Phone Number (416) 815-5400 Website www.mlse.com Revenue $1.6B Industry Sports Teams & Leagues Hospitality MLSE's Social Media Is this data correct? Affected employees will remain on MLSE payroll at a reduced salary, retain their benefits and pension and maintain their access to all corporate communication tools to remain current on MLSE's operations. A memo to MLSE employees from president and CEO Michael Friisdahl obtained by The Canadian Press outlines the voluntary pay reductions as well as other steps to help mitigate pandemic-related losses. The situation is further compounded by the uncertainty and indefinite postponement of our operations.. Budget expenses and capital improvements have also been frozen. The community relies on everyone sharing. The estimated total pay for a CEO is $377,206 per year in the United States area, with an average salary of $182,124 per year. Newspapers Limited, 8 Spadina Avenue, 10th Floor, Toronto, ON M5V 0S8. Miller was a key contributor in the completion of MLSEs ownership transaction in 2012. In some instances, such as when companies state an intention to not grant additional awards for the duration of the existing awards, they are annualized over the full performance period. $4k - $146k. Then the world moved on. The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. Friisdahl also had big shoes to fill in following the larger-than-life Tim Leiweke. Chief Executive Officer (CEO), Non-Profit Organization, Chairman, Recently searched companies with related titles : The CEO position doesnt really matter when it comes to the teams and winning because the Presidents (Shanny, Masai, Manning) report directly to the board. View contact profiles from MLSE Friisdahl is no stranger to the travel sector. Girl Scouts of Alaska - MLSE corporate office is located in 50 Bay St Ste 500, Toronto, Ontario, M5J 2L, Canada and has 1,930 employees. In addition, CEO may require an advanced degree or its equivalent. In the same year, Hosford also led her team to a successful bid for the 2016 NBA All-Star Weekend and erected Leafs Legends Row, a series of permanent bronzed statues celebrating the storied history of the Toronto Maple Leafs. She is widely respected within the Bank as an active champion and advocate on matters of diversity and inclusion. Humza is the Chief Technology and Digital Officer at Maple Leaf Sports & Entertainment. The figures include salary, performance-based and discretionary cash bonuses, changes in the executives pension and deferred compensation, and the taxable value of perks. rights reserved. All During his time with the Raptors, Webster has also served as assistant general manager and vice president, basketball management & strategy.Webster came to the Raptors after working for the NBA league office in New York for seven seasons in the legal department. That compares with 2.8% in the prior year. MLSE president and CEO Michael Friisdahl calls it a "reimagination" of the venue that opened in February 1999. He has also held various technical and management roles at Bell Canada.A frequent keynote speaker at various North American conferences focused on technology, innovation and driving business results, Humza has built strong technology and business partnerships with top organizations around the globe.This network allows him to innovate creatively and quickly, accelerating business objectives.Humza also represents the Toronto Raptors on the NBAs Team Innovation Advisory Council. Use the toggle button here above to scale the size of the bar proportionally between the highest total pay, that of Elon Musk, or the next executive . During his time with RSL, Manning transformed the club into a winner, leading the organization to a 2009 MLS Cup championship, as well as a model franchise off the pitch where both season tickets and sponsorships more than tripled. An organization dedicated to enhancing the business climate of the hospitality industry. Chief Marketing Officer (CMO) $230,735. During his tenure, his teams finished with an overall record of 109-76-7-12, which included two post-season berths and a West Division title in 2013-14. Account Executive salaries at Maple Leaf Sports & Entertainment can range from $40,670 - $63,564 per year. He joined the organization in February 2014 as Senior Director of Food and Beverage.Morrow has spent his career in the sports and entertainment industry. He is the Founder of the Giants of Africa Foundation, which launched the Top 50 and Bigman camps in his homeland. Brendan Shanahan was blessed with a competitive fire and a dynamic ability to consistently hit the score sheet over parts of three decades in the National Hockey League. For a real-time salary target, tell us more about your role in the four categories below. Bloomberg valued Siebels stock options with the Black-Scholes model, using C3s assumptions disclosed in its annual report, and the closing share price on its final day of fiscal 2021. As the senior lawyer at MLSE, Millers expertise extends across all of MLSEs business units, including global partnerships, intellectual property, licensing, facility and event management and promotion, advertising and marketing, merchandising, ticketing, human resources and real estate. The company, which has some 750 full-time employees and 4,000 hourly and part-time workers, had already announced several pandemic-related initiatives. Extended management and executive salary reductions will be effective Jan. 1. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Dennis-Davies is a seasoned executive with more than 20 years of experience in senior leadership roles in human resources, which included diversity, inclusion, culture and employee advocacy. Extended management and executive salary reductions will be effective Jan. 1. Equities are down, and many packages have dipped in value, in some cases dramatically. Miller was called to the Bar in March 1998. 401 in Scarborough, Family of Ontario teen killed in crash demands justice after case thrown out over missing signature, Toronto spending $9M to rescue micro-tunneling boring machine stuck underground, IN PHOTOS: Here's what Ontario looks like under 30 centimetres of snow, 'Like shovelling concrete': Phillips on Ont. And it comes at a time when working peoples living standards have declined with every increase in the price of food, rent and gas.. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Atlanta, GA, Texas Counseling Association - Professional sports has been disrupted by the pandemic with hockey games played in empty arenas, football matches cancelled altogether and NBA games having been played in Florida. In a statement, a spokesperson called Bloombergs methodology absolute nonsense and said it had no basis in the financial literature, securities regulations, tax literature, generally accepted accounting principles nor common sense.. MLSE won kudos in the early days of the pandemic in 2020, turning Scotiabank Arena into a giant kitchen to prepare and donate hundreds of thousands of meals to front-line workers and community agencies. maple leaf sports & entertainment ltd. maple leaf sports and entertainment. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $54,733 look to you? Miller works closely with the Board of Directors of MLSE in his capacity as Corporate Secretary. THE CANADIAN PRESS/Neil Davidson. Dontrelle Inman is back with the Toronto Argonauts. On May 31, 2013, Masai Ujiri was named President and General Manager of Basketball Operations of the Toronto Raptors. Lets pay it forward! Ujiri also has served as the Director of the NBAs Basketball Without Borders program since 2002.Ujiri was introduced to basketball at age 13 and quickly fell in love with the game. The NHL is reportedly cutting salaries for league employees who make more than $75,000 (U.S.) by 25 per cent. After his last season with the Fever, he went on to leadership roles in the United Soccer League with the Long Island Rough Riders and then the Minnesota Thunder where he was named USL Executive of the Year in 1999 following their championship season. He returned to the Raptors organization where he had received his first front office position back in 2007.Ujiri had spent the past three seasons as Executive Vice President of Basketball Operations for the Denver Nuggets. 50 Bay Street, Suite 500. My job is very much to support the teams, give them the tools, make sure we invest where we need to invest. Pierre Paulden, David Scheer and Brian Chappatta, With the assistance of: During his time at the league office, Shanahan redefined the way the NHL administered supplementary discipline for on-ice incidents. Morrow is a Certified Professional Accountant (CPA-CMA) and is a graduate of the University of Western Ontario. - Maple Leaf Sports and Entertainment says it is cutting the salaries of up to one quarter of its full-time staff, and extending salary reductions for senior management and executives to deal with the financial impact of COVID-19. Here's what to do if you get COVID-19 in Ontario right now, Full list of where to get free COVID-19 rapid antigen tests in Ontario, Ontario's mask mandate has ended in most places. The typical Maple Leaf Sports & Entertainment Account Executive salary is $51,631 per year. Here's what you need to know, Ontario woman must pay back more than $3K after losing debit card, RBC says, Nordstrom closing all stores in Toronto as it winds down Canadian operations, Ontario man spends almost $2,000, waits 10 months for oven repair, Toronto condo owner shocked when hit with $27,000 insurance bill, 'We are on the right track:' Toronto formally ends municipal state of emergency after 777 days, Local medical officers of health pen letter to Ontario's top doctor asking for mask mandates back, Ontario Liberals pledge to add COVID-19 vaccine to school immunization list, Nearly half of eligible Toronto residents have now received a fourth dose of COVID-19 vaccine. Bloomberg, Getty Images, AFP, Embark Technology, GitLab, Sculptor Capital and SentinelOne. . Ms. Devine holds an Honors Business Administration degree from the Ivey Business School, Western University and is also a Fellow of the Institute of Chartered Accountants of Ontario. The CEO organizes leadership and staff to meet strategic goals. Consistently one of the top #4 arenas in North America and Top #10 globally for live entertainment, Scotiabank Arena continues to make its mark as a global destination for artists and fans. Toms passion and experience in the sports business industry is matched only by his dynamic leadership style and his commitment to developing young sports executives. Teri Dennis-Davies is Chief People & Inclusion Officer at Maple Leaf Sports & Entertainment (MLSE) where she oversees the companys ED&I strategy. "On behalf of everyone at MLSE, I sincerely thank Tim for his support for the fans and his many contributions to our organization. Fourth doses in Ontario: When should you get one? Chief among them was enlivening the NHL All-Star Weekend by implementing the All-Star Player Draft at the showcase event beginning in 2011. Prior to her appointment as Chief Marketing Officer, she held the Senior Vice President, Marketing & Fan Experience role, as well as leadership roles in the areas of Communications, Marketing and Global Partnerships. Cynthia Devine is the Interim President & CEO of Maple Leaf Sports and Entertainment (owner of Toronto Maple Leafs, Toronto Raptors, Toronto FC, and Toronto Argonauts). Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. In a statement to Bloomberg, Sculptor wrote of its CEOs package: The majority of the reported compensation has not been received by Mr. Levin and requires that substantial shareholder return thresholds are met over a multiyear vesting period, aligning pay to performance for our shareholders and clients.. The remainder is an equity award that vests over three years. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. If Bell and Larry want Masai, it would be Masai. As such, he received separate compensation for both roles, an unusual arrangement, through a complex mix of cash and equity tied to fund performance and stock return. Playing for the Double Blue until 2000, Clemons won Grey Cups in 1991, 1996 and 1997 with the Argonauts and was also named the leagues Most Outstanding Player in 1990. In her role as Senior Vice President of Music & Live Events at Maple Leaf Sports & Entertainment (MLSE), Melissa Bubb-Clarke oversees the Entertainment portfolio including Live Nation Canadas award winning Corporate Partnerships agency, as well as live event programming and production for our venues and their associated revenue streams. Shanahan was a stabilizing factor as Canada captured their first hockey gold medal in 50 years at the 2002 Winter Olympics. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Savers CEO, AARP Foundation CEO, Salary estimation for CEO at companies like : Dennis-Davies joins MLSE from Royal Bank of Canada where she served 14 years for the company in a variety of senior roles in the Caribbean and Canada, most recently as Vice President, Employee Relations. But longtime observers point out that while downturns come and go, CEO pay historically only trends up. He played professionally in Europe for six years, with stops in Belgium, Germany, England, Greece and Finland. After the pandemic struck in 2020, hundreds of boards eased targets or granted extra bonuses to give their executives a break as lockdowns in some cases torpedoed results. Find Great Talent with Career Pages. MLSE Digital Labs is now the largest and deepest technology and digital organization in professional sports.Prior to MLSE, Humza was at Compass Group North America where he built a technology and digital strategy company called Compass Digital Labs where he was the CEO. Embark, which develops autonomous technology for the trucking industry and went public in November, closed Wednesday at $13.19. Foremost among them has been the pandemic. President and CEO Peter Breiling Vice President of Finance. C3.ai Inc. disputed Bloombergs valuation of the millions of stock options it granted to founder and CEO Tom Siebel. When a companys stock tumbles, Youll hear, It was due to an external event. But it never was because of an external event when the stock went up.. Halfway through his final season as a player in 2000, he was asked to replace John Huard as the head coach.Clemons coached the Argonauts for the 2000 and 2001 CFL seasons before being named Team President ahead of the 2002 season. Please note this email is only for . Nick Eaves is the Chief Venues & Operations Officer at Maple Leaf Sports and Entertainment. Bethel, AK. A career highlight saw Morrow move to Vancouver in 2007 to lead the F&B Operations for the Vancouver 2010 Olympics. There is no retention strategy at MLSE besides the name MLSE which is associated with money..You'll be burned out in 2-3 years and leave to find a higher paying salary for the same or higher position elsewhere. Devine joined MLSE in April 2017 from RioCan Real Estate Investment Trust where she had served as CFO. $75k - $312k. If you have difficulty using our online application system and you need an accommodation due to a disability, please email accommodations@mlse.com. Maple Leaf Sports & Entertainment Ltd. will provide reasonable accommodation for qualified individuals with disabilities in the job application process. These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of CEO in the United States. Theyre still earning nowhere near what some of their clients reap. Thats when the frustration and hypocrisy comes in, said Rosanna Landis Weaver, a senior program manager at shareholder advocacy nonprofit As You Sow. MLSE says the length of time employees will remain inactive will be based on its ability to return to normal business operations. Our teams are focused on winning and our ownership is focused on winning, he said in 2019. $5k - $144k. Salary.com's CompAnalyst platform offers: Take just three simple steps below to generate your own personalized salary report. Prior to joining MLSE, Miller was an associate at the law firm of Goodmans, LLP, practicing in the area of corporate/commercial law. Chief Information Security Officer (CISO) $217,144. The TIAC is responsible for driving innovation and best practices at the NBA team level in collaboration with the league.Humza has an undergraduate degree from York University and holds various professional training accreditations from both the Schulich School of Business and the Niagara Institute, he also served as President of the CIO Association of Canada and was recently awarded a lifetime achievement award by the organization for his contributions to the Canadian tech ecosystem.Humza is an active member on the Canada Basketball Board of Directors, the Princess Margaret Cancer Foundation Board, Founding Member of the Coalition of Innovation Leaders Against Racism, and also serves on the Global Institute ofSport Advisory Board. That trade is heralded as a textbook example of how to receive high value in exchange for a pending free agent.Ujiri got his NBA front office start in Toronto in 2007, joining the franchise as Director of Global Scouting. Prior to attending law school, Miller earned his undergraduate degree in political science at the University of Toronto, graduating in 1992 with High Distinction. MLSE says the length of time employees will remain inactive will be based on its ability to return to normal business operations. The highest-paying job at Maple Leaf Sports & Entertainment is a Director with a salary of $133,122 per year. MLSE Employee Directory. On rare occasions, though, the pay can swell in ways that make the directors in charge uncomfortable. Inflation is forcing consumers to rethink spending and the Federal Reserve to raise interest rates at a rapid clip. to colleagues, clients or customers, or inquire about Given MLSE has also opted not to pay out annual bonuses. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. A Sculptor director resigned in protest. The company that owns Toronto professional sports teams including the Maple Leafs, the Raptors and the Argonauts as well as sports venues, says up to 25 per cent of full-time staff will be moved to temporary inactive status. He returned as head coach from 2002 to 2007, leading the football club to six consecutive East Division Finals, including the 2004 championship, his fourth as an Argonaut. Account Coordinator, Membership Service Team new MLSE 4.2 Toronto, ON Editors: The base salary for CEO ranges from $615,500 to $1,049,200 with the average base salary of $814,300. Michael Friisdahl(president & CEO) Owner Rogers Communications(37.5%) BCE (37.5%) BCE Inc.(28%) BCE Master Trust Fund (9.5%) Kilmer Sports(25%) Subsidiaries Toronto Maple Leafs Toronto Raptors Toronto FC Toronto Argonauts Toronto Marlies Raptors 905 Toronto FC II Scotiabank Arena OVO Athletic Centre Maple Leaf Square(37.5%) Website In January, J. Morgan Rutman resigned from the board of Sculptor, the New York hedge fund, and wrote a letter that criticized the panels deferential attitude toward Levin and the pay package hed been granted.
mlse ceo salary