BNN (Business News Network) has taken on the thorny topic of soaring CEO pay in Canada.
Two former CEOs joined CCPA Senior Economist Armine Yalnizyan for a discussion about CEO pay and came to agreement on three important points: Executive compensation has gotten out of line; workers at the bottom and middle of the income spectrum need a boost, and higher taxes on the richest Canadians is the easiest solution to this worsening inequality.
As one of the former CEOs noted, allowing the gap to keep growing is setting the tone for social unrest right here in Canada. See the discussion here.
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