Michael Sabia
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Michael John Sabia BA, MA, MPhil (born 1953 in St. Catharines, Ontario) is the CEO of Bell Canada and Bell Canada Enterprises [1].
Sabia, the son of the feminist Laura Sabia, held a number of senior positions in Canada's federal public service during the 1980s and early 1990s, including:
- Director-General of Tax Policy in the Department of Finance
- Deputy Secretary to the Cabinet (Plans) of the Privy Council Office.
Sabia's supervisor, Clerk of the Privy Council Paul Tellier, left the public service to assume the presidency of Crown corporation CN Rail in the early 1990s and subsequently persuaded Sabia to follow him to help in privatizing the company. Sabia's partnership with Tellier led to increasing respect within the Canadian business community for the rapid turn-around of the company's financial performance. Sabia held a number of executive positions at Canadian National Railway during the 1990s such as Vice-President, Corporate Development and Executive Vice-President and Chief Financial Officer.
Sabia subsequently left CN to the executive offices at BCE.
On April 28, 2006, BCE announced that CEO Michael Sabia was taking a 555% pay increase, his salary being raised from $1.21 million CAD a year to $6.71 million CAD a year. The pay included a $1.25 million CAD salary, a $29.2 million CAD bonus that Sabia converted to deferred share units, a long-term incentive payout of $3 million CAD and other compensation, the filing shows. Bell Canada also posted record revenue increases for the previous fiscal year.
On September 21, 2007, Sabia announced he will leave BCE after the privatization deal closes. [2]
[edit] References
- ^ Michael J. Sabia. The Learning Partnership (2007). Retrieved on 2007-09-21.
- ^ Michael Sabia leaving as boss of BCE after privatization, shareholders told. The Canadian Press (2007). Retrieved on 2007-09-21.
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