{"id":61419,"date":"2022-01-11T09:18:33","date_gmt":"2022-01-11T14:18:33","guid":{"rendered":"https:\/\/olduvai.ca\/?p=61419"},"modified":"2022-01-11T09:18:33","modified_gmt":"2022-01-11T14:18:33","slug":"new-report-outlines-how-canadas-top-ceos-raked-in-boundless-bonuses-in-2020","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=61419","title":{"rendered":"New report outlines how Canada\u2019s top CEOs raked in \u201cboundless bonuses\u201d in\u00a02020"},"content":{"rendered":"

New report outlines how Canada\u2019s top CEOs raked in \u201cboundless bonuses\u201d in\u00a02020<\/a><\/h3>\n

The report recommends five policy solutions to tackle extreme wealth inequality. \u2014<\/strong><\/p>\n

No 2810 by fw, January 10, 2021 \u2014<\/p>\n

\u201cEvery year we [Canadian Centre for Policy Alternatives] examine trends in CEO compensation in Canada. General trends show that compensation for the highest-paid CEOs in Canada is impervious to external shocks, such as the 2020 COVID-19 pandemic. In fact, the highest-paid 100 CEOs in Canada had the second-highest average compensation levels in this country\u2019s history during the pandemic. Canada\u2019s 100 highest-paid CEOs got paid an average of $10.9 million in 2020, which is higher than their pay in 2019. As a result, those 100 CEOs now make, on average, 191 times more than the average worker wage in Canada. Before lunch hour on the first working day of 2022, January 4, Canada\u2019s highest-paid CEOs will have already racked up the same amount of pay that will take the average worker the entire year to accrue.\u201d<\/em>\u00a0\u2014David Macdonald<\/strong><\/p>\n

David Macdonald is a senior economist with Canadian Centre for Policy Alternatives\u2019 National Office, and the author of CCPA\u2019s new report titled:\u00a0Another year in paradise: CEO pay in 2020<\/em>.<\/p>\n

Hands up those who believe that Trudeau\u2019s neoliberal Liberals, friends of Big Business and The Ruling Class, will, without delay, propose policy actions to tackle extreme wealth inequality in Canada. \u00a0<\/strong><\/p>\n

\"\"<\/a><\/p>\n

Here is the Table of Contents of the 25-page report.<\/strong><\/p>\n

Page\u00a0\u00a0\u00a0 Topic<\/strong><\/p>\n

4 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Executive summary
\n6 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Introduction
\n9 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 A third of CEO millionaires benefited from public subsidies
\n11 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Boosting bonuses through formula changes
\n13 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Top CEO pay
\n15 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 CEOs and the glass ceiling
\n16 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Recommendations
\n18\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Methodology<\/p>\n

23\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Notes<\/p>\n

My repost, presented below in two short pieces, begins with a copy of a brief January 4, 2022 news release titled:\u00a0Canadian CEO pay hits second-highest level in history: report,\u00a0<\/em>followed by a two-page Executive Summary, excerpted from the full 25-page report.<\/p>\n

To read the complete, original versions of both documents, just lick on their linked titles below.<\/strong><\/p>\n

**********<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

New report outlines how Canada\u2019s top CEOs raked in \u201cboundless bonuses\u201d in\u00a02020 The report recommends five policy solutions to tackle extreme wealth inequality. \u2014 No 2810 by fw, January 10, 2021 \u2014 \u201cEvery year we [Canadian Centre for Policy Alternatives] examine trends in CEO compensation in Canada. General trends show that compensation for the highest-paid […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[103,9085,9084,32469,868],"class_list":["post-61419","post","type-post","status-publish","format-standard","hentry","category-economics","tag-canada","tag-canadian-centre-for-policy-alternatives","tag-ccpa","tag-citizen-monitor","tag-wealth"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/61419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61419"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/61419\/revisions"}],"predecessor-version":[{"id":61420,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/61419\/revisions\/61420"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}