Sun Jan 3, 11:18 PM Romina Maurino, The Canadian Press
TORONTO - Canada's 100 highest paid CEOs pocketed an of average $7.3o million in 2008, the same year Canadians were hard hit by the emergence of the worldwide recession, according to a new report by the Canadian Centre for Policy Alternatives. Economist Hugh Mackenzie, who authored the report, said that's 174 times more than the average Canadian wage. And while the average compensation for the top CEOs outpaced inflation by 70 per cent between 1998 and 2008, people earning the average income lost six per cent to inflation over that period, he said. "To put that in perspective, Canadians will work full-time throughout the year to earn the national average of $42,305," Mackenzie said.
"The top 100 CEOs pocket that amount by 1:01 p.m. on Jan. 4 - the first working day of the year."
Thomas Glocer of Thomson Reuters Corp. was the top earner with a total salary of $36.6 million, followed by the late Ted Rogers at $21.5 million.
List of their salaries, from highest to lowest, as compiled by the Canadian Centre for Policy Alternatives:(On right hand side of this blog about half way down)
Don Quixote note: It might be an idea to take the photos and $ salaries of the top 52 (or 54 if you need jokers) and put them on a set of playing cards. Selling these cards as a charitable fundraiser might be a profitable venture.
1 comment:
Geez, don't publish this. The ones at the bottom of the list will want as much as the ones at the top of the list. The shareholders will be told that "we must pay them well to retain their services," and around we go again.
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