Canada’s highest-paid CEOs saw their compensation dip two per cent from 2013 to 2014, but they still raked in an average of $8.96 million each, according to a new study.
The think-tank that conducted the research, the Canadian Centre for Policy Alternatives, says that’s 184 times more than the average wage in Canada.
In 2014, the average wage for a full-time worker was $48,636, according to the think-tank.
Between 2008 and 2013, the country’s 100 top-paid CEOs saw their compensation climb about 25 per cent to $9.2 million _ roughly twice as fast as the average wage for Canadians.
In order to calculate total compensation, the think-tank includes salaries, bonuses, share grants and stock options.