The report, released Wednesday by executive compensation and governance research firm Equilar, examines pay of the 100 largest public companies by revenue, and comes in advance of broader
CEO pay rankings that typically arrive later in the spring and analyze the companies of the entire Standard & Poor's 500 - stock index.
Not exact matches
It's not a huge step, but it's hugely symbolic: Royal Bank of Canada says it has begun considering how much lower -
ranking employees are
paid when it sets salaries for its
CEO and other high - placed executives.
Valeant Pharmaceuticals International tops the
ranking of Canadian
CEO salaries for a second time this year — and that's after a $ 100 million
pay cut.
The think - tank
ranked the 100 highest -
paid CEOs on the TSX index, then compared their compensation to the salary of an average Canadian worker.
Finally, note that the information in this
ranking is not up - to - the - minute; it is compiled from information on fiscal 2013 so, for instance, BlackBerry
CEO John Chen doesn't even appear on this
ranking, although his $ 88 million multiyear
pay package would certainly place him near the top.
In May, a bill that would raise taxes on companies with excessive disparities between the
CEO and
rank - and - file worker
pay was narrowly defeated in the California state senate.
Richard LeBlanc, Associate Professor, York University, joins BNN to stoke the executive compensation debate with the annual
ranking of Canada's highest -
paid CEOs.
Pulling in over $ 219 million in salary and compensation over the past five years from his insurance company, the Chairman of Achievement First Inc.
ranks # 29 on Forbes» highest
paid CEO list and Berkley is the # 1 highest
paid CEO in the insurance industry.
Rankings can change from one year to the next but in 2013, the nation's highest
paid CEO was Cheniere Energy Inc. head Charif Souki, who pulled in an astonishing $ 141 million big ones.
Among voters» most significant concerns: huge payouts to corporate
CEOs at the expense of
rank - and - file jobs, defaults on pension obligations and refusals to
pay for medical treatments.