The Clash for the Cash: CEO vs. Average Joe

An entire year of punching the clock: for the Average Joe, it’s a living. But for Canada’s 100 highest paid CEOs, the rewards start clocking in very early into the New Year.

By 12:00 noon January 3, the first official working day of the year, Canada’s Elite 100 CEOs already pocketed $44,366 — what it takes the Average Joe an entire year, working full-time, to earn.*

By the end of 2010, Canada’s Elite 100 CEOs had pocketed an average $8.38 million. That’s a 27% increase over the average $6.6 million they pocketed in 2009.

At this rate, the average of Canada’s CEO Elite 100 make 189 times more than Canadians earning the average wage. If you think that’s normal, it’s not. In 1998, the highest paid 100 Canadian CEOs earned 105 times more than the average wage.

The conclusion of the Pay Watch Clash for the Cash between the Average Joe and Canada's 100 highest paid CEOs: A TKO for Canada's CEOs at noon on January 3.

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*Based on 2010 CEO compensation data and the 2010 average Canadian wage. Amount displayed based on your current time zone.