CEO Pay Increased During The Pandemic While Workers Lost Their Jobs
"It's the power of the corporate culture in Canada, and elsewhere, to control and increase executive compensation."
Canada's 100 highest paid CEOs had their second-best year on record, earning an average of $10.9 million in 2020, which is 191 times the average wage of a Canadian worker, according to a new study from the Canadian Centre for Policy Alternatives (CCPA).
The report says this represents a $95,000 increase in CEO compensation from 2019, but is still $900,000 short of the 2018 heyday.