The 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.
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“Because profits at record highs, bonuses were at record highs,” David Macdonald, a senior economist at CCPA and author of the report, said. “From a public-policy perspective, it can be certainly corrosive when the economy does well, and it’s only CEOs that do well … compared to the average worker.”Article contentOverall compensation for the top 100 CEOs rose more than 31 per cent from 2020, when the average pay stood at $10.9 million.
The ratio of CEO compensation to average worker pay also increased from 2020. The average private-sector worker — the CCPA does not track the pay of workers employed by the top 100 CEOs — earned $58,800 in 2021, so the CEO cohort made 243 times that figure, which broke the record of 227 set in 2018.Article content
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