A year ago, I wrote a post about a Canadian Centre for Policy Alternatives (CCPA) survey which showed that Canada’s top CEOs earned the equivalent of the average annual Canadian income by 2:30 PM on January 3rd, (based on 2009 numbers).
The CCPA released this year’s survey results (based on 2010 numbers). Canada’s top CEOs now earn the equivalent of the average annual Canadian income even sooner.
The Canadian Centre for Policy Alternatives’ annual look at CEO compensation reveals that by 12:00 noon on January 3rd, the first official working day of the year, Canada’s Elite 100 CEOs (the 100 highest paid CEOs of companies listed in the TSX Index) will have already pocketed $44,366. It takes the Average Joe an entire year, working full-time, to earn that same amount.
This represents a 27% pay increase from the previous year. The average Canadian received a 1.1% increase.
The CCPA has a depressing pay clock here.
