|March 26, 2006
CN Chief Execitive Officer Hunter Harrison receives $3.85 Million Bonus
|Canadian National Railway Co. reported on March 21 that Chief Executive E. Hunter Harrison received a $3.85 million bonus for 2005,
up from his 2004 bonus of $3.5 million, according to a Dow Jones Newswires report.
According to a filing with the Securities and Exchange Commission, Harrison also received a $17.3 million long-term incentive payout
for 2005, compared with a $1.59 million long-term incentive payout for 2004.
The 2005 award payout was based on performance-based restricted units awarded in 2004 that were accelerated when specified
performance targets were met. The 2005 long-term incentive payout was increased to the maximum allowable amount of 120% of
Harrison got a $1.38 million salary for 2005, compared with a $1.25 million salary in 2004, the filing said.
Shares of the transcontinental railroad company closed at $46.33, up 4 cents from Monday's closing price.
Source: Dow Jones Newswires