CEO pay in 2020
Canada’s top CEOs had another fruitful year, this time amid the misery of the COVID-19 pandemic.
The country’s 100 highest-paid CEOs from the S&P/TSX Composite recorded their second best year ever for compensation in 2020, according to the report.
These executives got paid an average of $10.9 million in 2020. They now make 191 times more than the average worker wage in Canada.
Among the richest 100 CEOs: 30 CEOs headed companies that received the Canada Emergency Wage Subsidy, 14 saw their bonuses changed to protect them from the impact of COVID-19, and five experienced both.
The report recommends a range of policy solutions to tackle extreme wealth inequality.
Read the news release here
