TORONTO – Canada may be in for a rocky economic ride, but the nation’s best paid 100 CEOs are still basking in the glow of the banner year of 2007: they got a record 22% average pay hike in 2007.
Canada’s best paid 100 CEOs tallied one billion in average total earnings – a historical first, according to a report on CEO pay by the Canadian Centre for Policy Alternatives (CCPA).
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“We need the CCPA to remind us that our dreams of a decent, egalitarian society are reasonable — indeed that with a little work, they are practical. And I love that practicality, that protection of the dream of the possible.”