Mohamed

Exiting Rogers Communications CEO Nadir Mohamed won’t be hurting when he leaves one of Canada’s largest telecom companies next year.

Documents filed with securities regulators disclose Mohamed’s golden retirement package includes:

• $5.5 million in cash;
• $6.8 million in non-transferable stock that can be liquidated later;
• Another $6.2 million in stock options.

Mohamed has also signed a non-compete agreement to stay out of the telecom business for a year after he leaves Rogers.

Last year, Mohamed earned $8.21 million from a combination of his $1.2 million salary and various bonuses and stock awards.

Last spring, Mohamed presided over job cuts of 300 management and head office positions.

Rogers increased its rates in January to cover “increasing costs.”