mlse ceo salary mlse ceo salary

Friisdahl said, effective Wednesday, MLSE's executive leadership team is taking a temporary salary reduction of 20 to 25 per cent. Assistant, Talent Strategy & Player Relations (4 Month Contract) 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. Mr. Ford used his late mother's backyard as an unofficial second office to take numerous . "On behalf of everyone at MLSE, I sincerely thank Tim for his support for the fans and his many contributions to our organization. The CEO organizes leadership and staff to meet strategic goals. Miller works closely with the Board of Directors of MLSE in his capacity as Corporate Secretary. 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. Maple Leaf Sports & Entertainment Account Executive Salaries Updated Oct. 28, 2022 Canada Canada Any Experience Any Experience 0-1 Years 1-3 Years 4-6 Years 7-9 Years 10-14 Years 15+ Years Very High Confidence $51,631 /yr Base Pay Average 29 Salaries Average $41K $64K $48K 25% $58K 75% Additional Pay Average Low High $2,711 Avg Cash Bonus Get the latest market price for benchmark jobs and jobs in your industry. He was the recipient of the King Clancy Memorial Trophy in 2003, an annual award to the player who best exemplifies leadership qualities on and off the ice while making a noteworthy humanitarian contribution in his community.During his distinguished career, the fierce competitor earned three Stanley Cup Championships with the Detroit Red Wings (1997, 1998, 2002). 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. In addition, CEO may require an advanced degree or its equivalent. The Toronto Maple Leafs general manager then made one more deal before Friday's tepid NHL trade deadline passed. Eaves led the transformation of the organizations business model to drive operational performance across all lines of the business including live event, broadcasting, technology, hospitality, and retail operations.Eaves serves on various boards in connection with MLSEs business and is a member of the Board of Directors of Big Brothers Big Sisters Toronto, and Woodbine Entertainment Group. $4k - $146k. News ROom Contact US. It noted that the average package for an S&P 500 CEO rose 18% in the past fiscal year to $18.3 million, 324 times a typical worker at those same companies took home. Clemons concluded his coaching tenure with 68 coaching wins, the second highest in team history.He served as the teams Chief Executive Officer from 2008, and Vice-Chair from 2009-2019, during which the Argonauts won two Grey Cup.Clemons No. 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. In each of the three years of his undergraduate program, Miller was a Faculty Scholar. 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. Leaders at MLSE. Some performance targets are sliding further out of reach. An organization dedicated to enhancing the business climate of the hospitality industry. Coty noted that she only realized $3.55 million in salary for fiscal 2021. 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 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.. | powered by SmartRecruiters | Find Great Talent with a Career Page. 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. Vijayakumar's salary was last reported to be $16.52 mn (Rs 130 crore) in FY22, which he received after getting a two-year long-term incentive (LTI). Filter by location to see a CEO salaries in your area. Responsible for the development of functional or business unit strategy for the entire organization. In 1996, Miller graduated from the University of Toronto, Faculty of Law with a Bachelor of Laws degree. Elsewhere, consultants who advise companies on compensation published analyses finding that the increases for the most part reflected higher stock prices and better results. The estimated additional pay is $195,082 per year. On May 31, 2013, Masai Ujiri was named President and General Manager of Basketball Operations of the Toronto Raptors. Kyle Dubas was named the 17th General Manager in the Clubs history on May 11, 2018 after originally joining the Leafs as Assistant General Manager in July of 2014.In his role as Assistant General Manager, Dubas held multiple responsibilities including player personnel, managing the clubs player development department and farm system, managing the organizations Research & Development department, and overseeing the organizations top prospects as General Manager of the Maple Leafs AHL affiliate, the Toronto Marlies. They do not cover the presidents and GMs of the Raptors, Maple Leafs, Toronto FC and Argonauts, who have committed similar support through the Team Toronto Fund, according to a source not authorized to speak on the subject. On November 11, 2013, the former left-winger was inducted into the Hockey Hall of Fame in his hometown of Toronto.The Mimico, Ontario native returned home again on April 14, 2014 but this time on the merits of his off-ice leadership ability when the Toronto Maple Leafs introduced Shanahan as President and Alternate Governor. Jobs in business are in increasing demand, requiring workers with at least a bachelors degree and moderate to advanced technical skills, with the use of data often a required job function. 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 figures showcase the amounts boards put forth for their executives to earn. From 2003 to 2014, Devine was CFO at Tim Hortons Inc. following executive positions at Maple . Manning continued his playing career after college and won a U.S. Open Cup with the Brooklyn Italians in 1991, and played professionally in the United Soccer League (USL) with the Penn-Jersey Spirit (1991), Valley Golden Eagles (1993) and New York Fever (1994-95). 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. Ryan H. Mudawar Vice President of Education and Workforce Programs. Ontario Premier Doug Ford makes a funding announcement for a new hospital in Windsor, Oct. 18, 2021. 50 Bay Street, Suite 500. Hosford was nominated for the 2017 Premiers Award for Outstanding Ontario College Graduates and in 2018, she was named one of Adweeks 33 Media, Marketing and Tech Stars Whove Helped Make Toronto a Vibrant Creative Hub.As a testament to her leadership and vision, the MLSE marketing team was awarded the CLIO Sports Awards Grand Prize and the In-House Agency Forum Awards Gold Prize. Know Your Worth. Some related job titles are.css-123ngk9{cursor:pointer;font-size:15px;line-height:24px;color:#1861bf;}.css-123ngk9:hover{color:#0c4085;}Chief Executive Officer Salaries with median pay of $406,759,Presidente & CEO Salaries with median pay of $435,041,Chief Operating Officer Salaries with median pay of $354,128. 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. Given MLSE has also opted not to pay out annual bonuses. Top Maple Leaf Sports & Entertainment executives are taking pay cuts in the wake of COVID-19 shutting down the companys sports and entertainment business. The highest-paying job at Maple Leaf Sports & Entertainment is a Director with a salary of $133,122 per year. The estimated total pay for a CEO is $377,190 per year in the United States area, with an average salary of $182,135 per year. presentation-ready copies of Toronto Star content for distribution That ratio has jumped 23%. He is best known for a 12-player deal on February 22, 2011 that sent All-Star forward Carmelo Anthony to the New York Knicks. Rutman said this comparison was out of whack and that Levins performance requirements were too favorable to him. Miller has been consistently recognized internally for his commitment to the values of MLSE, earning a number of annual and monthly awards including MLSEs MVP of the Year award. He is the Founder of the Giants of Africa Foundation, which launched the Top 50 and Bigman camps in his homeland. 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. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. permissions/licensing, please go to: www.TorontoStarReprints.com. Not surprisingly, the sudden halt of all games and events on March 11 has had a significant impact to our revenue. 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.. How much do Maple Leaf Sports & Entertainment employees make? At least for now, few executives have gone unscathed by the plunge in stocks that began this year. Ontario expands eligibility for 4th COVID-19 vaccine dose, but healthy adults can wait until fall, Ontario expands PCR testing and treatments for COVID-19. The base salary for Chief Executive Officer ranges from $613,763 to $1,046,244 with the average base salary of $812,010. Wayne A. The base salary for CEO ranges from $615,500 to $1,049,200 with the average base salary of $814,300. Morrow is a Certified Professional Accountant (CPA-CMA) and is a graduate of the University of Western Ontario. Miller was a key contributor in the completion of MLSEs ownership transaction in 2012. The lowest-paying job at Maple Leaf Sports & Entertainment is a Coordinator with a salary of $49,223 per year. Salaries estimates are based on 946 salaries submitted anonymously to Glassdoor by a CEO employees. Chief Technology Officer (CTO) $234,700. Its another version of more for them and less for us, Fred Redmond, secretary-treasurer of the AFL-CIO, said last month. Manning also holds a U.S. Soccer National A Coaching License.Manning began his career in sports management with the Continental Indoor Soccer League during its inaugural season in 1993. Greedflation, blared the headline of AFL-CIOs annual survey of executive pay. The Associated Press reported last week that top NBA executives are having their base salaries reduced by 20 per cent for the foreseeable future. MLSE has also suspended all non-essential business expenditures and costs, deferred non-essential capital projects and imposed a hiring freeze. This made C Vijayakumar the highest-paid Indian CEO among those working in Indian IT firms, as reported on July 26, 2022. Nick Eaves is the Chief Venues & Operations Officer at Maple Leaf Sports and Entertainment. While the Maple Leafs and Raptors gear up for next season, Scotiabank Arena is getting a multimillion-dollar facelift. 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. MLSE is now focusing its Chief Executive Officer search on appointing a seasoned business executive . Friisdahl was born in Denmark but came to Canada when he was 13. Ensures appropriate governance and controls. Having spent thirteen years at Rogers Centre in various roles working for Levy Restaurants, ultimately leading the location as Director of Operations. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. Please note this email is only for . The sizes and shapes of their awards differ, but theyre usually presented and rationalized with variations of a similar message: This is whats appropriate based on the persons skills, job duties, goalsand what executives elsewhere get paid. Were focused on winning. rights reserved. The remainder is an equity award that vests over three years. Last year now stands as the most lavish on record for executive compensation by almost any measure. 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. Prior to RBC, Dennis-Davies held senior roles in a number of diverse organizations in the USA and the Caribbean including Hyatt Hotels, Merrill Communications, LLC, Fortis Fund Services, and KPMG. Get a free, personalized salary estimate based on today's job market. Peter also advises on league (NHL, AHL, NBA, NBA G-League, MLS and CFL) franchise matters. The numbers are higher for Friisdahl, who is taking a 30 per cent cut. Manning was the recipient of the Major League Soccer Doug Hamilton Executive of the Year award in both 2012 and 2014. Shanahans creativity and proactive approach were deciding factors in the successful execution of the inaugural NHL Research and Development Camp in 2010. Teri Dennis-Davies is Chief People & Inclusion Officer at Maple Leaf Sports & Entertainment (MLSE) where she oversees the companys ED&I strategy. Then the world moved on. Pierre Paulden, David Scheer and Brian Chappatta, With the assistance of: Unlike Leiweke, Friisdahl has been content to work behind the scenes and stay out of the spotlight. Dan Morrow is Senior Vice President of Food and Beverage at Maple Leaf Sports & Entertainment (MLSE) where he oversees an F&B operation that encompasses Scotiabank Arena, BMO Field, Coca Cola Coliseum, Real Sports Bar & Grill and e11even. That compares with 2.8% in the prior year. Bobby Webster enters his sixth season with the Raptors and second as the teams general manager. $1.0M $3.6M $40.8M $14.3K. Nine-figure paychecks, once a rarity, are proliferating despite critics on Capitol Hill and beyond. Tom McDonald is Senior Vice President, Ticket Sales & Service at Maple Leaf Sports & Entertainment (MLSE) overseeing one of the most prominent, leading ticketing businesses in North America. 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.. Because of these adjustments, the figures may not match what was reported by the company in regulatory filings. Your input helps Glassdoor refine our pay estimates over time. Theyre still earning nowhere near what some of their clients reap. MLSE president and CEO Michael Friisdahl calls it a "reimagination" of the venue that opened in February 1999. From 2003 to 2014, Devine was CFO at Tim Hortons Inc. following executive positions at Maple Leaf Foods and Pepsi-Cola Canada. During his time at the league office, Shanahan redefined the way the NHL administered supplementary discipline for on-ice incidents. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $851,700 to $2,056,100 with the average total cash compensation of $1,321,200. 31 is one of four numbers to have been honoured with a retirement by the Toronto Argonauts. Prior to this role, she was Executive Vice-President and Chief Financial Officer of RioCan Real Investment Trust from 2015 until 2017 and Chief Financial Officer of Tim Hortons Inc. from 2003 until 2014. "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. He hit the magical 50-goal mark in 1992-93 and 1993-94. On rare occasions, though, the pay can swell in ways that make the directors in charge uncomfortable. Search more salaries here: Chief Executive Officer - Physician Practice, CEO Salaries with a High School Diploma or Technical Certificate, CEO Salaries with a Master's Degree or MBA, CEO Salaries with a JD, MD, PhD or Equivalent, Chief Executive Officer (CEO), Non-Profit Organization, Detailed skills and competency reports for specific positions. 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. 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. Performance-based awards of restricted shares are valued using the target number of shares multiplied by the fiscal year-end share price, not by a Monte Carlo simulation. Additional pay could include cash bonus, commission, tips, and profit sharing. More than 30 public-company executives had pay deals that exceeded $100 million in value at the end of fiscal 2021, according to the Bloomberg Pay Index. Over the coming weeks, we will continue to evaluate the impact and I will update you as any new or further actions are required to respond to this very fluid situation, Friisdahl said. The stock is down 67% since then. Embark, which develops autonomous technology for the trucking industry and went public in November, closed Wednesday at $13.19. Friisdahl's predecessor Tim Leiweke was appointed CEO of MLSE in April 2013 and announced in August 2014 that he would depart the company to pursue new equity opportunities in the sports and entertainment industry. Careers at MLSE. The company was founded in 1931 and is headquartered in Toronto, 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. During her tenure at RBC, Dennis-Davies launched and chaired the functional Diversity Leadership Council for Human Resources, Corporate Communications, Brand and the Employee Ombudsman where she developed a diversity strategy focused on driving awareness, representation and engagement using metrics and data to measure and report on progress. The following takes a closer look at each position, examining how role-specific duties and other factors can impact compensation levels. This report by The Canadian Press was first published Nov. 30, 2020. Levin, who had been the firms investment chief for several years, also took on the CEO job in 2021. Given MLSE has also opted not to pay out annual bonuses to full-time employees, the reduction in pay for the leadership group will be close to 50 per cent. Ms. Devine is also a member of the advisory board of the Richard Ivey School of Business at Western University and a member of the board of governors of the North York General Hospital. MLSE cuts salaries for full-time staff, extends management and executive reductions The Canadian Press Staff Contact Published Monday, November 30, 2020 8:48PM EST Workers prepare to install. man struck after rock smashes through windshield, Health Canada to approve urinary tract infections vaccine, Migrant workers rescued from Ont. During the 2004-05 NHL lockout season, Shanahan convened a group of influencers in the game to discuss the direction of the on-ice product which led to several recommendations to the NHL and the NHLPA including the formation of todays Competition Committee.Shanahan retired as a player on November 17, 2009 and quickly joined the NHLs head office in December, 2009 as Vice President of Hockey and Business Development where he introduced several new initiatives. Similar Job Titles: MLSE Profile and History Maple Leaf Sports & Entertainment Ltd. (MLSE) is Canadas preeminent leader in delivering top quality sport and entertainment experiences to our fans. It does not take into account that many awards come with performance conditions and may not pay out, in part or at all, if those are not met. In Goldmans case, they came as CEO David Solomon and other top executives quietly pushed for bigger rewards. Friisdahl said, effective Wednesday, MLSEs executive leadership team is taking a temporary salary reduction of 20 to 25 per cent. Our Company Teams Portfolio. to colleagues, clients or customers, or inquire about Chief Information Security Officer (CISO) $217,144. 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. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. View contact profiles from MLSE Profit Sharing. Series executives, including the presidents of NASCAR-owned tracks, are taking a 25 per cent reduction in salary, while all other employees are having their salary reduced by 20 per cent. If you are thinking of becoming a CEO or planning the next step in your career, find details about the role, the career path and salary trajectory of a CEO. Scotiabank Arena. 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. 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. From 2011 through 2014, the Greyhounds had 14 players drafted to the National Hockey League; second most of all OHL teams over that span.At the time of his hiring by the Greyhounds, the Sports Management Graduate from Brock University (Deans List honours) became the second youngest General Manager in OHL history at the age of 25.In 2015, Dubas was recognized by Forbes Magazine as one of the sports industrys brightest young stars in their annual Top 30 Under 30 in Sports list. There will be 100s of people waiting to replace you though. She joined the organization on October 19, 2020. Chief Human Resources Officer (CHRO) $250,000. Atlanta, GA, Texas Counseling Association - Such rewards have become the envy of leaders in some industries, like the big US banks, whose pay decisions tend to draw particular scrutiny by both lawmakers and the public. 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 . Hosford is an ambassador and has participated in many philanthropic initiatives including recent missions to Kenya, New Orleans and Jamaica as part of her volunteerism with Habitat for Humanity and Free The Children. If Bell and Larry want Masai, it would be Masai. Budget expenses and capital improvements have also been frozen. When factoring in bonuses and additional compensation, a Account Executive at Maple Leaf Sports & Entertainment can expect to make an average total pay of $54,733 per year. If you have difficulty using our online application system and you need an accommodation due to a disability, please email accommodations@mlse.com. Friisdahl deflected any praise to the teams management, MLSEs ownership and those that came before him. 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. The typical Maple Leaf Sports & Entertainment Account Executive salary is $51,631 per year. Championships have come during his tenure Toronto FC, Argonauts and Raptors 905 (NBA G League) in 2017, the Marlies in 2018 and Raptors in 2019. In 2017-18, the Marlies reached 50 wins for the third time in franchise history (2007-08, 2015-16) and set the League record for most road wins in a season (30).Before joining the Maple Leafs, Dubas served as General Manager of the Sault Ste. To remain competitive, job seekers with little relevant field experience should consider higher degrees or industry-specific certificates to meet evolving requirements. The national average salary for a CEO is $182,124 per year in United States. Responsible for the short and long-term profitability and growth of the company. This would be fine but their starting salary isn't competitive. Shanahan is one of just eight players to ever achieve the rare feat of winning an Olympic gold medal and the Stanley Cup in the same season (2002).Throughout his career, Shanahan established himself as an important voice for the game of hockey, not only for his on-ice credentials, but for his leadership qualities off the ice. 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. If the downturn is prolonged, some might reap only a fraction of the awards in their contracts. Star Newspapers Limited and/or its licensors. winter storm, Ont. Chief Executive Officer (CEO), Non-Profit Organization, Chairman, Recently searched companies with related titles : The two-day camp explored potential rule changes and variations to special teams play among many other strategic on-ice advancements.Shanahan later served as the leagues chief player disciplinarian beginning with the 2011-12 season and up until his appointment with the Toronto Maple Leafs in the spring of 2014. A couple shot into the billions. At the same time, many of our costs continue, which clearly puts financial pressure on our business. Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. Not the job you're looking for? The average salary for an Account Executive is $64,176 per year in Canada, which is 24% higher than the average Maple Leaf Sports & Entertainment salary of $51,631 per year for this job. Hearing negotiations about compensation with Cassaday became an issue after Babcock signing. maple leaf sports & entertainment. 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. 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. This would be fine but their starting salary isn't competitive. It noted that the average package for an S&P 500 CEO rose 18% in the past fiscal year to $18.3 million, 324 times a typical worker at those same companies took home. Even in the moneyed world of high finance, advisers warned, Jimmy Levins pay deal was an exceedingly rich one. The reductions affect roughly the leagues 100 highest-earning executives inside the league headquarters in New York and in global offices. MLSE says the length of time employees will remain inactive will be based on its ability to return to normal business operations. He played professionally in Europe for six years, with stops in Belgium, Germany, England, Greece and Finland.