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TELUS CEO forgoes salary, receives shares

TELUS president and CEO Darren Entwistle will collect his 2014 salary in shares rather than cash, marking the fifth consecutive year he has elected to receive his fixed compensation in the form of TELUS equity. The company also announced that it plans to target share purchases of up to $500M in 2015 and 2016, for a total estimated program value of $2.5B including the $1B in shares purchased in 2013.