Canadian CEO pay: recession-proof, CCPA finds

A new study by the Canadian Centre for Policy Alternatives (CCPA) Research Associate Hugh Mackenzie shows Canada's best paid 100 CEOs appear to be recession-proof. The study looks at 2009 compensation levels for Canada’s best paid 100 CEOs and finds they pocketed an average of $6.6 million during the darkest period of the recession – a stark contrast from the total average Canadian income of $42,988.

At this rate of reward, this handful of elite CEOs pocket the equivalent of the average Canadian wage by 2:30 pm on January 3 – the first working day of the year. Read the report here.

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