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Executive Investigator
Tracking and Analyzing Executive Salaries, Bonuses, and Perks
# Tuesday, January 06, 2009

In case you thought the United States was unique in how richly it pays its CEOs, take comfort in these figures from Canada's Financial Post:

The [Canadian Centre for Policy Alternatives] released figures yesterday showing that individual total compensation packages in 2007 for the top 100 CEOs at publicly listed Canadian companies increased an average of 22% to $10.4-million as the economy thundered along. This compared with a pay hike of 3.2% to $40,237 for the average Canadian worker during 2007.

That gap has been growing amid increased competition for companies to attract strong leadership. In 2007, Canada's top 50 CEOs earned 398 times more than the average worker, compared with 85 times in 1995. Mr. MacKenzie said between 1998 and 2007 the average compensation of top CEOs increased by 147%, adjusted for inflation. This compared with a 3% decline in inflation-adjusted weekly wages for average Canadians and a 6% rise for those on the minimum wage.

Tuesday, January 06, 2009 7:35:00 PM UTC  #    Comments [0]  |  Trackback