Pinnacle CEOs earned average of $eight.96 million, 184 instances extra than maximum

Canada’s highest-paid CEOs noticed their compensation dip  consistent with cent from 2013 to 2014, but they still raked in an average of $eight.ninety six million each, in step with a brand new study.

The think-tank that conducted the research, the Canadian Centre for coverage options, says that’s 184 times more than the average wage in Canada.

In 2014, the average salary for a full-time worker become $forty eight,636, consistent with the suppose-tank.

among 2008 and 2013, the country’s a hundred top-paid CEOs saw their repayment climb about 25 in line with cent to $9.2 million — more or less twice as speedy because the common wage for Canadians.

So as to calculate general reimbursement, the suppose-tank consists of salaries, bonuses, proportion offers and inventory options.

Hugh Mackenzie, a research companion on the think-tank, says it’s now not recognized whether the slight dip in 2014 is an indication of any kind of lasting exchange.

“It’s now not clean from the information at this factor, because we’ve only visible 12 months, whether or not this is indicative of a slight downward trend or whether or not that is only a blip,” stated Mackenzie.

“My gut intuition tells me that it’s a blip,” he says, adding that a alternate in how inventory options are being valued, given the slide in commodity prices that commenced in 2014, can be responsible for the mild decline.

the very best paid CEO, in line with the look at, was Blackberry’s John Chen, who took home $89.7 million in general repayment.

Donald Walker of Magna worldwide Inc. was the following maximum paid, pocketing $23.4 million. Gerald Schwartz of the personal fairness employer Onex Corp., who became the top paid CEO the previous 12 months, earned total compensation of $21.1 million.

Peter Blake, the previous CEO of Ritchie Bros Auctioneers, turned into the bottom paid CEO at the listing, incomes $4.three million in overall repayment.

Most effective  girls made the listing — Linda Hasenfratz of Linamar Corp., who became compensated a complete of $10.1 million, and sunrise Farrell of TransAlta Corp., who earned $four.five million.