The CEO pay trends of 2021 are likely to have continued into 2022 as they were driven by historically high profits and historically high inflation
Canada’s 100 highest-paid CEOs made an average of $14.3 million in 2021, smashing the previous record of $11.8 million set in 2018, according to the Canadian Centre for Policy Alternatives .
“The last two years really exemplify everything that's wrong with CEO pay,” said Macdonald, calling it a “pay-for-luck scheme.” “In 2020, you have half of the CEOs on the list receiving government support, and/or changing their bonus formulas to exclude the negative impact of the pandemic on their pay,” he said. “And then the following year is record inflation, which drives record profits, which drives record CEO compensation.”, said Macdonald, which of course continued over the past year despite the Bank of Canada’s efforts to quell inflation with — again, historic — interest rate hikes.
The report offers four policy proposals for governments, with one being the introduction of a wealth tax and another being the implementation of higher top marginal tax brackets.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canada Broke its Immigration Record Again in 20222021 managed to hold onto its Canadian immigration record for exactly one year, as 2022 saw the largest number of newcomers ever welcomed to the country. realestate immigration housing Canada realestatenews
Read more »
CEO pay smashed records in 2021, on track to continue as inflation remains highCanada's 100 highest-paid CEOs made an average of $14.3 million in 2021, smashing the previous record of $11.8 million set in 2018, according to the Canadian Centre for Policy Alternatives (CCPA).
Read more »
CEO pay smashed records in 2021, on track to continue as inflation remains high - BNN BloombergCanada’s 100 highest-paid CEOs made an average of $14.3 million in 2021, smashing the previous record of $11.8 million set in 2018, according to the Canadian Centre for Policy Alternatives (CCPA).
Read more »
CEO pay smashed records in 2021, on track to continue as inflation remains highCanada’s 100 highest-paid CEOs made an average of $14.3 million in 2021, smashing the previous record of $11.8 million set in 2018, according to the Canadian Centre for Policy Alternatives (CCPA).
Read more »
CEO pay smashed records in 2021, on track to continue as inflation remains highCanada's 100 highest-paid CEOs made an average of $14.3 million in 2021, smashing the previous record of $11.8 million set in 2018, according to the Canadian Centre for Policy Alternatives (CCPA).
Read more »
Highest-paid CEOs break compensation records in 2021: reportThe top 100 CEOs by pay earned an annual average of $14.3 million, breaking the previous record of $11.8 million set in 2018. Read more.
Read more »