Top 100 Canadian CEOs averaged $7.96 million in compensation in 2012
According to a new report from the Canadian Centre for Policy Alternatives, the top 100 Canadian CEOs took home an average of $7.96 million in 2012.
The new report, "All in a Day's Work? CEO Pay in Canada", examined the 240 publicly listed Canadian corporations on the TSX Index, and found that the typical CEO pocketed $1,008,280 in annual salary and around $1.73 million in cash bonuses.
E. Hunter Harrison, the CEO of Canadian Pacific Railway, took home the most money in 2012; his total compensation package netted him $49.5 million.
Canada’s highest paid CEOs made the equivalent of an average Canadian's wage—$46,634—by 1:11 p.m. today (January 2).
The average minimum-wage worker in Canada took home $20,989 in 2012.