AGL 38.11 Decreased By ▼ -1.47 (-3.71%)
AIRLINK 129.30 Decreased By ▼ -1.92 (-1.46%)
BOP 6.95 Increased By ▲ 0.14 (2.06%)
CNERGY 4.57 Decreased By ▼ -0.14 (-2.97%)
DCL 8.10 Decreased By ▼ -0.34 (-4.03%)
DFML 39.41 Decreased By ▼ -2.06 (-4.97%)
DGKC 78.60 Decreased By ▼ -3.49 (-4.25%)
FCCL 31.85 Decreased By ▼ -1.25 (-3.78%)
FFBL 70.97 Decreased By ▼ -1.90 (-2.61%)
FFL 12.00 Decreased By ▼ -0.26 (-2.12%)
HUBC 108.05 Decreased By ▼ -2.69 (-2.43%)
HUMNL 13.70 Decreased By ▼ -0.81 (-5.58%)
KEL 4.90 Decreased By ▼ -0.29 (-5.59%)
KOSM 7.45 Decreased By ▼ -0.16 (-2.1%)
MLCF 37.60 Decreased By ▼ -1.30 (-3.34%)
NBP 67.74 Increased By ▲ 3.73 (5.83%)
OGDC 187.16 Decreased By ▼ -5.66 (-2.94%)
PAEL 25.00 Decreased By ▼ -0.68 (-2.65%)
PIBTL 7.25 Decreased By ▼ -0.09 (-1.23%)
PPL 147.50 Decreased By ▼ -6.57 (-4.26%)
PRL 24.75 Decreased By ▼ -1.08 (-4.18%)
PTC 17.10 Decreased By ▼ -0.71 (-3.99%)
SEARL 79.50 Decreased By ▼ -2.80 (-3.4%)
TELE 7.45 Decreased By ▼ -0.31 (-3.99%)
TOMCL 32.41 Decreased By ▼ -1.05 (-3.14%)
TPLP 8.20 Decreased By ▼ -0.29 (-3.42%)
TREET 16.51 Decreased By ▼ -0.11 (-0.66%)
TRG 56.36 Decreased By ▼ -1.04 (-1.81%)
UNITY 27.70 Increased By ▲ 0.19 (0.69%)
WTL 1.33 Decreased By ▼ -0.04 (-2.92%)
BR100 10,297 Decreased By -207.2 (-1.97%)
BR30 30,324 Decreased By -902.7 (-2.89%)
KSE100 96,725 Decreased By -1354.8 (-1.38%)
KSE30 30,135 Decreased By -423.5 (-1.39%)

Canada's 100 highest paid CEOs made more than 200 times the income of the ordinary worker in 2016, raking in an average Can$10.4 million ($8.3 million US), a study found Tuesday. The Canadian Centre for Policy Alternatives said CEO pay in 2016 was the highest it had been since the 2008 global recession.
Salary accounted for only 11 percent of their pay, compared to 14 percent in 2008, due to the rising share of bonuses and stocks in executive compensation. By 11:00 am (1600 GMT) Tuesday, the best paid CEOs already had made more than the country's Can$49,738 average annual salary.
"The average worker will have to work full-time all year to earn that amount," it said. The average annual pay of the top 100 earners was 209 times the national average, and more than 315 times a new minimum wage of Can$15 in some provinces.
"Canada's corporate executives were among the loudest critics of a new Can$15 minimum wage in provinces like Ontario and Alberta, meanwhile the highest paid among them were raking in record-breaking earnings," said the report's author, David Macdonald. Valeant Pharmaceuticals' CEO Joseph Papa was the best paid in 2016, making Can$83.1 million in eight months on the job, according to the report.
He took over in May 2016 amid a crisis that took the company's stock from $257 in mid-2015 to less than $10 a share by early 2017.

Copyright Agence France-Presse, 2018

Comments

Comments are closed.