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10/15/14

No news on whether Andrew Swarthout of Bear Creek (BCM.v) is taking a pay cut

After reading carefully today's NR from Bear Creek (BCM.v) which sets out the cost reduction initiatives being undertaken by the company that include elimination of the VP Exploration post, general staff reductions etc, I can't seem to identify the part that points to the salary reduction being taken by Pres/CEO Andrew Swarthout on his $310,000 per year salary.

Which is strange, what with Swarthout himself stating that the.. "Company's mandate is to create shareholder value, and we are committed to conserve cash". Maybe he just forgot.