Richest CEOs earn 189 times average Canadian - Top 100 executives earned about $8.38M each in 2010

Collective Cognition ‏@cognitiveslap

Richest CEOs earn 189 times average Canadian - Top 100 executives earned about $8.38M each in 2010
http://www.cbc.ca/news/business/story/2012/01/03/business-ceo-pay.html

The highest paid CEOs have gained more ground in Canada, and are now making nearly 200 times the average Canadian wage, according to a new report.

The 100 highest paid chief executives whose companies are listed on the S&P/TSX composite index made an average of $8.38 million in 2010, according to figures pulled from circulars by the Canadian Centre for Policy Alternatives, a left-leaning think-tank.

That's 189 times higher than the $44,366 an average Canadian made working full time in 2010, the report says. And it's a 27 per cent raise from the $6.6 million average compensation for the top 100 CEOs in 2009.
P.O.V.

Most Canadians, on the other hand, have seen their wages stagnate over the past few years. In 2010, after adjusting for inflation, average wages actually fell.

(The leaked 2006 Citigroup "Plutonomy Symposium" memo states that the US, UK, and Canada are "plutonomy" countries in which income inequality is apparently tolerated.)