“On average, the top CEOs made $7,812 an hour in 2024, allowing them to make the $65,548 annual pay of the average worker by 9:23 a.m. on Jan. 2, by Macdonald’s calculations.”
Fishsqueeze on
That’s a meaningless clickbait statistic unless you specify the cutoff for ‘highest paid”. I’m sure the three highest paid CEOs average even more.
bign00b on
I’m not against CEO’s making salaries like this, but the pay difference between the CEO and lowest paid worker should be far smaller. Every worker is important and the rewards should be shared. The impact of strikes demonstrate just how crucial the majority of workers are.
NoSky2431 on
Stop worrying about others and start making money. SO and so make X amount of dollar means fuck all to you. You limit that they will still make that amount of money, just move to a different country. Its not like that is hard. The decision will just come from someone that is C level offshore to avoid that.
What Canada needs is to stop with the Equality bull shit. Lay it out like it is. inequality all the way. You either make it or you dont. That is the world we live in today. Money is money, it doesnt wait for anyone, it doesnt care about equality. Canada is fucked in the long term. Investors are not stupid, all the investment are going offshore. If you dont want to do X job, someone will for a fraction of the price.
UnionGuyCanada on
> The record pay led to widening inequality: The average pay for those 100 CEOs was 248 times more than the average worker in Canada, surpassing the previous record of 246 times more in 2022. The gap has grown notably from a decade ago, when CEOs made 184 times more than the average worker.
Wealth inequality is accelerating. We need to rein in this insanity before average people can’t even make ends meet, which is the case for many Canadians now.
Laydownthelaw on
Municipalities are out of money.
Provinces are out of money.
Federal is cutting everything (except war machines)
Centennial businesses are going bankrupt left and right.
Salaries are stagnating.
Infrastructures are falling apart.
Evictions are rampant.
Universities are left without funding.
“Where’s all our money gone?” To all the worst people in the world.
Dark ages we live in.
Neat_Let923 on
This data is MASSIVELY skewed!
Shopify’s CEO got a mega stock package (his salary is $1) of $200 million which is meant to cover multiple years and his options will only be worth that much IF the companies profits grow over those years. He did not get $200 million in cash and it’s not available to him right away and if the stock price goes down it will not be worth that much. The last three years his compensation (through stocks) was estimated to be roughly $20 million each year.
What’s funny is that with Shopify paying their CEO this way, they are actually having their existing share holders pay for his over multiple years by diluting the existing shares.
2nd Place: Jay Hennick (Colliers International Group) — $70.3 million
Actual Salary = $2.3 million
3rd Place: Patrick Dovigi (GFL Environmental) — $67 million
Actual Salary = $2.3 million
4th Place: Glenn Chamandy (Gildan Activewear) — $36.9 million
Actual Salary = $1.7 million
The average SALARY of all 100 CEOs was $1.25 Million
This confirms what the report states on page 11: CEO salaries have been flat or declining in real terms since 2017, now roughly back to 2009-2010 levels at around $1.3M inflation-adjusted. The actual money is in the bonuses: 84.3% of total compensation in 2024 came from shares, stock options, and cash bonuses, not base salary.
7 Comments
“On average, the top CEOs made $7,812 an hour in 2024, allowing them to make the $65,548 annual pay of the average worker by 9:23 a.m. on Jan. 2, by Macdonald’s calculations.”
That’s a meaningless clickbait statistic unless you specify the cutoff for ‘highest paid”. I’m sure the three highest paid CEOs average even more.
I’m not against CEO’s making salaries like this, but the pay difference between the CEO and lowest paid worker should be far smaller. Every worker is important and the rewards should be shared. The impact of strikes demonstrate just how crucial the majority of workers are.
Stop worrying about others and start making money. SO and so make X amount of dollar means fuck all to you. You limit that they will still make that amount of money, just move to a different country. Its not like that is hard. The decision will just come from someone that is C level offshore to avoid that.
What Canada needs is to stop with the Equality bull shit. Lay it out like it is. inequality all the way. You either make it or you dont. That is the world we live in today. Money is money, it doesnt wait for anyone, it doesnt care about equality. Canada is fucked in the long term. Investors are not stupid, all the investment are going offshore. If you dont want to do X job, someone will for a fraction of the price.
> The record pay led to widening inequality: The average pay for those 100 CEOs was 248 times more than the average worker in Canada, surpassing the previous record of 246 times more in 2022. The gap has grown notably from a decade ago, when CEOs made 184 times more than the average worker.
Wealth inequality is accelerating. We need to rein in this insanity before average people can’t even make ends meet, which is the case for many Canadians now.
Municipalities are out of money.
Provinces are out of money.
Federal is cutting everything (except war machines)
Centennial businesses are going bankrupt left and right.
Salaries are stagnating.
Infrastructures are falling apart.
Evictions are rampant.
Universities are left without funding.
“Where’s all our money gone?” To all the worst people in the world.
Dark ages we live in.
This data is MASSIVELY skewed!
Shopify’s CEO got a mega stock package (his salary is $1) of $200 million which is meant to cover multiple years and his options will only be worth that much IF the companies profits grow over those years. He did not get $200 million in cash and it’s not available to him right away and if the stock price goes down it will not be worth that much. The last three years his compensation (through stocks) was estimated to be roughly $20 million each year.
What’s funny is that with Shopify paying their CEO this way, they are actually having their existing share holders pay for his over multiple years by diluting the existing shares.
2nd Place: Jay Hennick (Colliers International Group) — $70.3 million
Actual Salary = $2.3 million
3rd Place: Patrick Dovigi (GFL Environmental) — $67 million
Actual Salary = $2.3 million
4th Place: Glenn Chamandy (Gildan Activewear) — $36.9 million
Actual Salary = $1.7 million
The average SALARY of all 100 CEOs was $1.25 Million
This confirms what the report states on page 11: CEO salaries have been flat or declining in real terms since 2017, now roughly back to 2009-2010 levels at around $1.3M inflation-adjusted. The actual money is in the bonuses: 84.3% of total compensation in 2024 came from shares, stock options, and cash bonuses, not base salary.
https://www.policyalternatives.ca/wp-content/uploads/2026/01/living-the-high-life-Dec-29.pdf