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Walmart CEO SalaryIn the past 12 years, there’s been a 444 per cent salary increase for Canada’s top CEOs. The top 10 earners collected a total of $60.7 million in 1995—by 2007, that number had jumped to $330.3 million. For example, Paul Desmarais, CEO of  Power Corp, made more than $5 million in 1995; in 2007, his take-home was more than $29 million. 

Here’s a breakdown of the take-home pay the top  10 of Canada’s top CEOs—in 1995 and in 2007. Read ‘em and weep. 

2007, total take home for the year: 

  1. Michael Lazaridis, Research in Motion Ltd. $51, 515, 518
  2. Gordon Nixon, Royal Bank of Canada. $44, 270, 084
  3. Robert A. Milton, ACE Aviation Holdings Inc. $42, 928, 122
  4. James Balsillie, Research in Motion Ltd., $32, 053, 959
  5. Paul Desmarais Jr., Power Corp. of Canada. $29, 292, 829
  6. Andre Desmarais, Power Corp. of Canada. $28, 675, 763
  7. Bruce Flatt, Brookfield Asset Management Inc. $27, 164, 707
  8. J.M. Lipton, Nova Chemicals Corp. $25, 639, 972
  9. Raymond McFeerors, Great-West Lifeco Inc. $24, 759, 648
  10. William Doyle, Potash Corp. of Saskatchewan. $24, 020, 161

The Canadian Centre for Policy Alternatives reports that amidst the worldwide recession, Canada’s top 100 CEOs were paid an average of $7.3 million in 2008. 

Walmart CEO Pay: More in an Hour Than Workers Get All Year?

Read more: See the Digital Journal 

Walmart CEO Salary

Discussion Questions:

1. Should CEO’s be earnings such high salaries?

2. Would you consider being a CEO?

3. Why do you suppose, CEO’s earn such lucrative compensation packages?

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