Despite a devastating pandemic and ensuing financial crisis, Canadian CEOs enjoyed ever-healthier paycheques in 2020—thanks, in part, to alterations of bonus pay rules.
We tracked the compensation of 1,096 executives, including CEOs and other C-suite executives, using filings from 209 publicly traded companies on the S&P/TSX Composite Index. A total of 49 companies, nearly a quarter of companies on the index, changed their own compensation rules to boost executives’ paycheques.
Read the study, Boundless Bonuses: Skyrocketing Canadian executive pay during the 2020 pandemic [2].