Al Monaco Salary: Al Monaco, CEO of Enbridge, earned close to 18 million dollars in 2019, an amount that puts him at the top of Calgary’s top-paying managers. The Pipeline Boss’ 45.6% annual increase in total reported revenues led Postmedia to top-rated business leaders, including Canadian Pacific Railway CEO Keith Creel and telecommunications head Brad Shaw, who has won a prize of top revenues in the past few years, from sixth in the 2018 annual Postmedia Executive Compensation Survey. In the last few years, he won the award.
Above half of Monaco’s substantial compensation increase is partly a result, according to Marc Weil, Chief Human Resources Officer at Enbridge, of an incrementing pension value that is long-term post-retirement compensation.
The rest were long-term incentives that will only be paid for in the future if the company meets certain targets for performance. As Director, President, and CEO of Enbridge Inc. Al Monaco made $17,993,384 in total payments in 2019. Total cash $5,280,590, Equity $9,457,292 and Pension $3,255,502 and other forms of compensation were received.