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:
- Michael Lazaridis, Research in Motion Ltd. $51, 515, 518
- Gordon Nixon, Royal Bank of Canada. $44, 270, 084
- Robert A. Milton, ACE Aviation Holdings Inc. $42, 928, 122
- James Balsillie, Research in Motion Ltd., $32, 053, 959
- Paul Desmarais Jr., Power Corp. of Canada. $29, 292, 829
- Andre Desmarais, Power Corp. of Canada. $28, 675, 763
- Bruce Flatt, Brookfield Asset Management Inc. $27, 164, 707
- J.M. Lipton, Nova Chemicals Corp. $25, 639, 972
- Raymond McFeerors, Great-West Lifeco Inc. $24, 759, 648
- 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
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?
Leave a Reply