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.
Corporations and corporate power
OTTAWA—Canada’s 100 highest-paid CEOs from the S&P/TSX Composite recorded their second best year ever for compensation in 2020 despite the COVID-19 pandemic, according to a new report by the Canadian Centre for Policy Alternatives (CCPA).
The report, Another Year in Paradise: CEO Pay in 2020, shows those 100 CEOs got paid an average of $10.9 million in 2020, which is higher than their pay in 2019. They now make 191 times more than the average worker wage in Canada.
Big Oil in City Hall: Climate and Energy Politics in the Queen City is the first comprehensive look at the oil industry’s lobbying and advocacy campaign against Regina city council's proposed fossil fuel sponsorship ban.
The pandemic has once again exposed how unsustainable and inequitable the current food system is. In April of 2020, for example, while millions of Canadians faced financial insecurity and food insecurity, the Dairy Farmers of Ontario—the provincial organization that sets milk production quotas—began ordering farmers to dump their "surplus" milk. News agencies across North America reported the surpluses of dairy, eggs and produce caused by the closures of hotels and restaurants being dumped, crushed and otherwise destroyed.
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.
VANCOUVER - Despite Canada’s climate change commitments, the country’s “big six” banks continue to finance and support expansion of fossil fuel industries, says a new Corporate Mapping Project report released today.
The extent of the banks’ support since the oil price collapse in 2014 shows how that this backing hinders Canada’s progress on reducing emissions, report author and academic Donald Gutstein writes.
On his first day in office, US president Joe Biden revoked the permit for the controversial Keystone XL (KXL) pipeline. The partially built project was supposed to carry bitumen from the Alberta tar sands to Gulf Coast refineries in the United States. Green-lighted by Donald Trump in 2017, but delayed in the courts for years, this climate-busting project is now thankfully dead.
Andy Morffew (Flickr Creative Commons)
Throughout 2019, we saw multiple variations on the same grim headline: “Dead Whale Found With 48 Pounds of Plastic in Belly.” “Dead Whale Found With 88 Pounds of Plastic in Belly.” “Dead Whale Found With 220 Pounds of Plastic in Belly.”
The Canadian Centre for Policy Alternatives and Trade Justice Network host a conversation with global experts on the Indian and South African governments' proposal at the WTO for a waiver from certain intellectual property rights in the TRIPS agreement so that countries can confidently and affordably respond to the COVID-19 emergency. Special attention is paid to Canada's opposition to the TRIPS waiver, shared by the U.S., EU and other rich countries, which is debunked by webinar participants.
Speakers include:
This report looks at CEO pay among Canada’s top-paid chief executive officers in 2019, based on company proxy circulars filed in 2020, and compares this to average incomes in the rest of the population in 2019. Though this same data is not yet available for 2020, the report also estimates, based on company share performance in 2020, whether the top-100 CEOs are likely to have seen their bonus-based pay increase, decrease or stay the same compared to last year.