Canada’s richest CEOs make your whole annual income before we have lunch today

The remuneration of Canada’s highest-paid CEOs jumped 7 per cent between 2014 and 2015, to a record high normal of $9.5 million, according to a new study.

In a news published Tuesday, a Canadian Centre for Policy Alternatives looked during income information from 249 TSX-listed companies. The think-tank afterwards distributed numbers formed on a 100 people during a tip of that list.

According to a group, a richest 100 CEOs in Canada took in an normal of $9.5 million in 2015, a figure that includes salaries, bonuses, share grants and batch options.

That’s good forward of a $49,510 a organisation says a standard full-year, full-time workman warranted in 2015.

Based on 2015 earnings, Canada’s 100 tip CEOs will acquire by 11:47 a.m. currently (Jan. 3) what a normal Canadian will make in a whole year.

Hugh Mackenzie, author of a report, says that CEOs 30 years ago ‘managed to scratch by on 40 times what a normal chairman is paid.’

“Nobody’s value that most money, we mean, this is absurd,” says Hugh Mackenzie, a investigate associate during a think-tank and author of a report.

“Thirty years ago they managed to scratch by on 40 times what a normal chairman is paid, and now it’s 193 times.”

Between 2008 and 2015, a country’s 100 top-paid CEOs saw their remuneration stand about 30 per cent, while a normal salary for Canadians increasing by only 17.5 per cent.

The highest-paid CEOs, according to a study, in sequence were:

• Valeant Pharmaceutical’s Michael Pearson: $182.9 million in sum compensation.
• Donald Walker of Magna International: $26.5 million.
• Hunter Harrison of Canadian Pacific Railway: $19.9 million.
• BlackBerry’s John Chen. He was a highest-earning CEO in 2014, though forsaken to 91st in 2015, earning $3.8 million.
• Eric La Flèche of Metro Inc., the lowest-paid CEO on a list of 100, earning $3.6 million.

Only dual women done a list — Linda Hasenfratz, of Linamar Corp., who was compensated a sum of $14.2 million, and Dawn Farrell, of TransAlta Corp., who warranted $4.5 million.

What’s in a name?

Of a tip 100 highest-paying CEOs on a list, 5 people are named Marc or Mark, 5 named Michael, 4 named Al, John, Paul and Steve, and 3 named Brian, Charles and Donald.

Article source: http://www.cbc.ca/news/business/top-ceo-pay-1.3907662?cmp=rss