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Report, CEO Compensation Compensation In 2011 Increases, Were They Worth It?

The Canadian Centre for Policy Alternatives released a report today that covers the highest paid 100 CEOs on Canada’s TSX Index over 2010. Canada’s Elite 100 CEOs pocketed an average $8.38 million in 2010 – a 27% increase over the average $6.6 million they took in 2009.

Among the report’s findings:

  • Canada’s Elite 100 CEOs are among the country’s richest 0.01%, a privileged group of 2,460 tax filers whose minimum income was $1.85 million in 2007. Their incomes soar above the average income of $404,500 (2007) required to enter the richest 1% club.
  • The lowest paid of Canada’s CEO Elite 100 pocketed $3.9 million in 2010.
  • All but one of Canada’s highest paid 100 CEOs on the TSX Index is male.

Reader of Profectio will recognize a few of the name below and the organization they work for:

  • 25 – Darren Entwistle, Telus Corp. – 9,940,445
  • 35 – Marc Tellier, Yellow Media Inc. – 8,939,474
  • 38 – Nadir Mohamed, Rogers Communications Inc. – 8,580,492
  • 39 – Craig H. Muhlhauser, Celestica – 8,394,583
  • 43 – Jim Shaw, Shaw Communications Inc. – 8,161,371
  • 52 – John Shackleton, Open Text – 6,997,984
  • 56 – John M Cassady, Corus Entertainment – 6,726,723
  • 78 – Mike Lazaridis, Research In Motion Ltd. – 5,090,279
  • 79 – James Balsillie, Research In Motion Ltd. – 5,090,279
  • 83 – Pierre Karl Peladeau, Quebecor – 4,880,923