Top-earning CEOs in Canada make 209 times more than the average worker
Life is good in the corner office at some of Canada's biggest companies.
A new report finds the 100 highest-paid corporate executives in the country make 209 times more than the average worker made in 2016.
The research shows the top earning CEO's on the S&P/TSX Composite stock index make an average of $10.4 million, while workers make an average of $49,738.
The last time the Canadian Centre for Policy Alternatives released this study, it found that top CEO's made 193 times the average salary for 2015.
“Canada’s corporate executives were among the loudest critics of a new fifteen dollar minimum wage in provinces like Ontario and Alberta, meanwhile the highest paid among them were raking in record-breaking earnings,” says the report’s author, CCPA Senior Economist David Macdonald.
The CCPA, a progressive policy research group, argues if shareholders are able to foot the cost of more compensation for corporate executives, then they should be able to shoulder the cost of high wages on the low end of the pay scale.