Darren Entwistle said he’ll be paid in company stock “for the foreseeable future” to show his faith in Telus’s health and future. Telus’s results for the first quarter of 2024 showed net income of $140 million, a decline from $224 million in the same period in 2023, even though the company signed up tens of thousands more new customers. (The Logic)

Talking point: Higher debt payments and restructuring costs are among the many factors Telus cited for its shrinking profit. Besides signalling that he’s one CEO who isn’t worried about the federal Liberals’ changes to capital gains taxes, Entwistle’s move to take his $1.6 million in base pay in shares differentiates him from fellow telecom CEOs Mirko Bibic at Bell and Tony Staffieri at Rogers. Their bonus programs are heavily weighted toward shares or stock options, but they each take their base pay ($1.4 million and $1.5 million, respectively) in cash. Entwistle was paid in Telus shares from 2010 to 2015.