Canada’s richest 100 CEOs make 210 times more than average w

[Oscar]

Canada’s richest 100 CEOs make 210 times more than average worker

[ https://www.policyalternatives.ca/news- ... ge-worker/ ]

January 2, 2025


EXCERPT: "OTTAWA—Following two blistering years of all-time high compensation, Canada’s 100 highest-paid CEOs pocketed $13.2 million, on average, in 2023—the third biggest haul since the Canadian Centre for Policy Alternatives (CCPA) began tracking CEO pay.

The CCPA’s new report, Company Men: CEO Pay in Canada, 2023, shows that, on average, these 100 CEOs were paid 210 times more than the average worker’s wage in 2023. CEOs have always made more than the average worker, but the gap is growing. In 1998, they made 104 times more than the average worker’s wage.

“It’s hard to conceive of income gaps that large,” says Senior Economist David Macdonald. “By the first working day of the year, January 2 at 10:54 a.m., these 100 CEOs already made, on average, $62,661. It took the average Canadian worker all year to earn that amount.”

Company Men notes several trends and busts key myths about CEO pay and their worth: . . . ."

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