All in a Day’s Work?
All In A Day’s Work?
CEO Pay in Canada
Five years after a global recession knocked the wind out of Canada’s labour
market, throwing tens of thousands of workers onto the unemployment line and sidelining a generation of young workers, the compensation of Canada’s
CEO elite continues to sail along.This paper takes a snapshot of the 240 publicly listed Canadian corpor-ations on the TSX Index, ranks the highest paid 100 CEOs on that list, and determines their average total compensation.
CEO Pay Vs. Average Pay in Canada
Compensation tables in the proxy circulars issued in 2013 for the 240 pub-licly listed corporations on the TSX Index reveal Canada’s highest paid 100 CEOs continue to live in the economic stratosphere. When you add up their total compensation, base salary, cash bonuses, grants of company shares,
stock options, other compensation and pension compensation value in-
crease, you get an average of $7.96 million. That would be enough to wipe out the budgetary deﬁcits of any one of the following provinces: Saskatch-ewan, Manitoba, Newfoundland and Labrador, New Brunswick, Nova Sco-tia or PEI.