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McAlpine Among MEC Execs Receiving Bonuses

Magna Entertainment Corp. chief executive officer Jim McAlpine received a $200,000 bonus last year for his "contribution to the growth and development of MEC during fiscal year 2003," according to proxy material being circulated.

 Wednesday, April 07, 2004

Magna Slashes Management Staff

Magna Entertainment Corp. has begun management-level workforce cuts in an effort to reduce the company's growing losses.

 Tuesday, November 11, 2003

Magna Losses Increase; COO Steps Down

Magna Entertainment Corp. increased revenue 59.7% in the third quarter but the company's losses continued to widen.

 Friday, October 31, 2003

Magna Entertainment Names Two to Executive Positions

Magna Entertainment Corp. has officially announced the appointment of Roman Doroniuk as chief operating officer and John Perrotta as vice-president of operations.

 Thursday, May 15, 2003