The wild trading in shares of GameStop GME-N in early 2021 created one of the biggest paydays in history for an executive of a Canadian public company.
Richard Mashaal, a vice-president of little-known Montreal-headquartered investment company Senvest Capital Inc., SEC-T received just under $152-million last year. The compensation included a cash bonus of $53-million and an $82-million cut of trading profits, much of it from a wildly successful bet on GameStop.
While a small number of Canadian executives have previously made more than $100-million in a year, their compensation packages were largely made up of stock awards, which can fall in value over time. Senvest’s annual compensation disclosures show that Mr. Mashaal’s 2021 pay, by contrast, was all cash.
The disclosures also provide a window…