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TORONTO — A brand new report by the Canadian Centre for Policy Alternatives says the common quantity paid to the nation’s prime chief executives in 2019 was down from 2018, however nonetheless greater than 200 instances the common employee compensation.
The annual report says the common pay of a top-100 CEO in 2019 was $10.8 million, down from a document excessive of $11.8 million in 2018.
It says the decline was largely accounted for by a number of CEOs receiving extraordinarily excessive compensation packages in 2018, in comparison with 2019.
Meanwhile, the common particular person earnings in Canada for 2019 was $53,482, up from $52,061 in 2018.
The common CEO of a top-100 firm will earn as a lot cash as a mean employee will make all yr by 10:09 a.m. on Jan. 2, the report states, citing 2018 company compensation information.
The ratio of the common top-100 CEO pay in contrast with the common particular person earnings was 202 to at least one for 2019 in contrast with 227 to at least one in 2018.
This report by The Canadian Press was first revealed Jan. 4, 2021.
With recordsdata from HuffPost Canada.
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