Description: It didn’t take long for many Canadian CEOs to earn more in a few hours than regular Canadians take all year long to earn: it took a bit over eight hours for them to surpass the average Canadian’s annual salary of $60,606. The Canadian Centre for Policy Alternatives released a study showing the top 100 business executives in Canada earned an average of $14.9 million in 2022, up from $14.3 million in 2021. The report calls on the government to introduce tax changes to address the income inequality problem.

Date:  January 2, 2024

Source:  thestar.com

 Link: https://www.thestar.com/business/canadian-ceos-gilded-age-top-100-executives-saw-their-pay-packages-skyrocket-in-2022/article_8bbec820-a4fb-11ee-be71-bf6a68a60cd1.html?source=newsletter&utm_email=760BE779956395955CFBBA5C497D22A3

Discussion points:

1) How much do you think a CEO should be paid in comparison to other workers in the company?

2) The article notes tax measures might be one way to reduce wealth inequality. What is your opinion on this matter?

3) Page 1-3 of Wiley’s Financial Accounting: Tools for Business Decision Making tells us about a number of Canadian accountants with successful business careers. Are any of these on the list of Canada’s highest paid executives?