Empire Management
Management criteria checks 3/4
Empire's CEO is Mike Medline, appointed in Jan 2017, has a tenure of 7.25 years. total yearly compensation is CA$6.77M, comprised of 19.2% salary and 80.8% bonuses, including company stock and options. directly owns 0.065% of the company’s shares, worth CA$5.16M. The average tenure of the management team and the board of directors is 1.3 years and 11.8 years respectively.
Key information
Mike Medline
Chief executive officer
CA$6.8m
Total compensation
| CEO salary percentage | 19.2% |
| CEO tenure | 7.3yrs |
| CEO ownership | 0.07% |
| Management average tenure | 1.3yrs |
| Board average tenure | 11.8yrs |
Recent management updates
Recent updates
Empire (TSE:EMP.A) Strong Profits May Be Masking Some Underlying Issues
Mar 22
Is Empire (TSE:EMP.A) A Risky Investment?
Feb 12Estimating The Intrinsic Value Of Empire Company Limited (TSE:EMP.A)
Jan 30Empire Company Limited's (TSE:EMP.A) Business Is Yet to Catch Up With Its Share Price
Jan 16Returns Are Gaining Momentum At Empire (TSE:EMP.A)
Dec 04Here's Why Empire (TSE:EMP.A) Has A Meaningful Debt Burden
Oct 04Empire (TSE:EMP.A) Shareholders Will Want The ROCE Trajectory To Continue
Aug 24Empire's (TSE:EMP.A) Dividend Will Be Increased To CA$0.1825
Jun 27Empire (TSE:EMP.A) Has A Somewhat Strained Balance Sheet
Jun 22The Returns At Empire (TSE:EMP.A) Aren't Growing
May 05Here's Why Empire (TSE:EMP.A) Can Manage Its Debt Responsibly
Mar 08Do Empire's (TSE:EMP.A) Earnings Warrant Your Attention?
Feb 06Empire (TSE:EMP.A) Shareholders Will Want The ROCE Trajectory To Continue
Dec 28A Look At The Intrinsic Value Of Empire Company Limited (TSE:EMP.A)
Nov 25Empire (TSE:EMP.A) Seems To Use Debt Quite Sensibly
Oct 29Empire (TSE:EMP.A) Shareholders Will Want The ROCE Trajectory To Continue
Sep 20Empire Company Limited's (TSE:EMP.A) Intrinsic Value Is Potentially 23% Below Its Share Price
Aug 25Do Empire's (TSE:EMP.A) Earnings Warrant Your Attention?
Aug 01Does Empire (TSE:EMP.A) Have A Healthy Balance Sheet?
Jul 20Empire (TSE:EMP.A) Is Increasing Its Dividend To CA$0.17
Jun 26Empire (TSE:EMP.A) Might Have The Makings Of A Multi-Bagger
Jun 10Is Empire Company Limited (TSE:EMP.A) Expensive For A Reason? A Look At Its Intrinsic Value
May 15Do Empire's (TSE:EMP.A) Earnings Warrant Your Attention?
Apr 12Is Empire (TSE:EMP.A) Using Too Much Debt?
Mar 14Empire (TSE:EMP.A) Shareholders Will Want The ROCE Trajectory To Continue
Feb 15A Look At The Fair Value Of Empire Company Limited (TSE:EMP.A)
Jan 20Is Now The Time To Put Empire (TSE:EMP.A) On Your Watchlist?
Jan 08Is Empire (TSE:EMP.A) Using Too Much Debt?
Dec 14Returns At Empire (TSE:EMP.A) Appear To Be Weighed Down
Nov 16Do Empire's (TSE:EMP.A) Earnings Warrant Your Attention?
Sep 29Is Empire Company Limited (TSE:EMP.A) Trading At A 24% Discount?
Sep 15The Compensation For Empire Company Limited's (TSE:EMP.A) CEO Looks Deserved And Here's Why
Sep 03We Think Empire (TSE:EMP.A) Can Stay On Top Of Its Debt
Sep 01Returns On Capital At Empire (TSE:EMP.A) Have Hit The Brakes
Aug 05Empire (TSE:EMP.A) Is Increasing Its Dividend To CA$0.15
Jun 26Is Now The Time To Put Empire (TSE:EMP.A) On Your Watchlist?
Jun 06Here's Why Empire (TSE:EMP.A) Can Manage Its Debt Responsibly
May 24We Like These Underlying Return On Capital Trends At Empire (TSE:EMP.A)
Apr 29CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Feb 03 2024 | n/a | n/a | CA$759m |
| Nov 04 2023 | n/a | n/a | CA$751m |
| Aug 05 2023 | n/a | n/a | CA$760m |
| May 06 2023 | CA$7m | CA$1m | CA$686m |
| Feb 04 2023 | n/a | n/a | CA$682m |
| Nov 05 2022 | n/a | n/a | CA$759m |
| Aug 06 2022 | n/a | n/a | CA$745m |
| May 07 2022 | CA$9m | CA$1m | CA$746m |
| Jan 29 2022 | n/a | n/a | CA$739m |
| Oct 30 2021 | n/a | n/a | CA$712m |
| Jul 31 2021 | n/a | n/a | CA$698m |
| May 01 2021 | CA$7m | CA$1m | CA$702m |
| Jan 30 2021 | n/a | n/a | CA$707m |
| Oct 31 2020 | n/a | n/a | CA$652m |
| Aug 01 2020 | n/a | n/a | CA$645m |
| May 02 2020 | CA$13m | CA$1m | CA$584m |
| Feb 01 2020 | n/a | n/a | CA$528m |
| Nov 02 2019 | n/a | n/a | CA$473m |
| Aug 03 2019 | n/a | n/a | CA$422m |
| May 04 2019 | CA$5m | CA$1m | CA$387m |
| Feb 02 2019 | n/a | n/a | CA$336m |
| Nov 03 2018 | n/a | n/a | CA$329m |
| Aug 04 2018 | n/a | n/a | CA$201m |
| May 05 2018 | CA$6m | CA$900k | CA$160m |
| Feb 03 2018 | n/a | n/a | CA$118m |
| Nov 04 2017 | n/a | n/a | CA$90m |
| Aug 05 2017 | n/a | n/a | CA$147m |
| May 06 2017 | CA$2m | CA$280k | CA$159m |
Compensation vs Market: Mike's total compensation ($USD4.95M) is about average for companies of similar size in the Canadian market ($USD4.41M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
CEO
Mike Medline (60 yo)
7.3yrs
Tenure
CA$6,767,791
Compensation
Mr. Michael Bennett Medline, also known as Mike, serves as Independent Director at The Bank of Nova Scotia since September 01, 2023. He has been the Chief Executive Officer and President of Empire Company...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.3yrs | CA$6.77m | 0.065% CA$ 5.2m | |
| Executive VP & CFO | 2.5yrs | CA$1.98m | 0.0023% CA$ 183.5k | |
| Chief Operating Officer | 4.9yrs | CA$2.59m | 0.000040% CA$ 3.2k | |
| Executive VP | 1.3yrs | CA$1.47m | 0.0086% CA$ 677.3k | |
| Executive VP & Chief Human Resources Officer | no data | CA$1.89m | 0% CA$ 0 | |
| Senior Vice President of Corporate Finance | less than a year | CA$1.22m | no data | |
| Chief Technology and Analytics Officer & Chief Privacy Officer | less than a year | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Vice President of Communications & Corporate Affairs | no data | no data | no data | |
| Chief Marketing Officer | less than a year | no data | 0.0056% CA$ 441.0k | |
| VP & Comptroller | no data | no data | no data | |
| President of Safeway Operations - Sobeys | no data | CA$3.44m | no data |
1.3yrs
Average Tenure
Experienced Management: EMP.A's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.1yrs | CA$6.77m | 0.065% CA$ 5.2m | |
| Independent Director | 7.8yrs | CA$242.50k | 0% CA$ 0 | |
| Independent Director | 12.3yrs | CA$233.57k | 0.0047% CA$ 369.4k | |
| Independent Director | 26.3yrs | CA$231.43k | 0.0030% CA$ 237.8k | |
| Independent Director | 31.3yrs | CA$226.43k | 0.25% CA$ 19.8m | |
| Independent Director | 17.3yrs | CA$226.43k | 0.27% CA$ 21.5m | |
| Independent Director | 23.3yrs | CA$226.43k | 0.0028% CA$ 222.9k | |
| Independent Chairman | 8.6yrs | CA$450.00k | 0.0091% CA$ 717.5k | |
| Independent Director | 45.3yrs | CA$223.21k | 0.082% CA$ 6.5m | |
| Independent Director | 11.3yrs | CA$229.64k | 0.0012% CA$ 96.9k | |
| Independent Director | 6.3yrs | CA$261.43k | 0% CA$ 0 | |
| Independent Director | 7.3yrs | CA$241.07k | 0% CA$ 0 |
11.8yrs
Average Tenure
63.5yo
Average Age
Experienced Board: EMP.A's board of directors are seasoned and experienced ( 11.8 years average tenure).