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Report, CEO Compensation Compensation In 2011 Increases, Were They Worth It?

Submitted by on January 4, 2012 – 9:29 am

The Canadian Centre for Policy Alternatives released a report today that covers the highest paid 100 CEOs on Canada’s TSX Index over 2010. Canada’s Elite 100 CEOs pocketed an average $8.38 million in 2010 – a 27% increase over the average $6.6 million they took in 2009.

Among the report’s findings:

  • Canada’s Elite 100 CEOs are among the country’s richest 0.01%, a privileged group of 2,460 tax filers whose minimum income was $1.85 million in 2007. Their incomes soar above the average income of $404,500 (2007) required to enter the richest 1% club.
  • The lowest paid of Canada’s CEO Elite 100 pocketed $3.9 million in 2010.
  • All but one of Canada’s highest paid 100 CEOs on the TSX Index is male.

Reader of Profectio will recognize a few of the name below and the organization they work for:

  • 25 – Darren Entwistle, Telus Corp. – 9,940,445
  • 35 – Marc Tellier, Yellow Media Inc. – 8,939,474
  • 38 – Nadir Mohamed, Rogers Communications Inc. – 8,580,492
  • 39 – Craig H. Muhlhauser, Celestica – 8,394,583
  • 43 – Jim Shaw, Shaw Communications Inc. – 8,161,371
  • 52 – John Shackleton, Open Text – 6,997,984
  • 56 – John M Cassady, Corus Entertainment – 6,726,723
  • 78 – Mike Lazaridis, Research In Motion Ltd. – 5,090,279
  • 79 – James Balsillie, Research In Motion Ltd. – 5,090,279
  • 83 – Pierre Karl Peladeau, Quebecor – 4,880,923

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Dave Forde

Dave “The Connector” Forde has been involved in the technology industry across Canada for over 10 years in sales and marketing roles, he launched PR In Canada, and on Profectio.

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