Canadians may have been hit hard by a worldwide economic recession, but it appears Canada’s 100 highest paid CEOs are enjoying a soft landing.
The total average compensation for Canada's 100 highest paid CEOs was $7,300,884 in 2008—a stark contrast from the total average Canadian income of $42,305. They pocketed what takes Canadians earning an average income an entire year to make by 1:06 pm January 4—the first working day of the year.
During the worst of economic years, the average earnings of Canada’s highest paid 100 CEOs were 174 times greater than Canadians earning an average income.
Find out how quickly a top CEO will make your salary with our CEO pay calculator.
The CCPA Monitor is the only place I know that one can go to for accurate and honest reporting on the state of the world. I would hate like hell to ever be without The CCPA Monitor; it would be like losing my sight and my hearing. I heartily recommend it to anybody who gives a damn about the condition of the world.
— Farley Mowat