Top CEOs paid nearly $9M last year, 184 times average worker salary

CBC News Posted: Jan 04, 2016 8:46 AM ET
The compensation of Canada's highest-paid CEOs dipped two per cent from 2013 to 2014, but each still raked in an average of $8.96 million, according to a new study. In a report published Monday, the Canadian Centre for Policy Alternatives looked at salary information from 249 TSX-listed companies. The think-tank then calculated numbers based on the 100 people at the top of that list. According to the group, the richest 100 CEOs in Canada took in $8.98 million last year, a drop of about two per cent from 2013's level. That figure includes salaries, bonuses, share grants and stock options. But that's still well ahead of the $48,636 that the group says the typical full-year, full-time worker earned last year. Based on last year's earnings, Canada's 100 top CEOs will earn by 12:18 p.m. today — Jan. 4 — what the average Canadian will make in a whole year. (more)