BUSINESS

Canada CEO Pay: Meet The 10 Highest-Earning CEOs And See What They Made In 2012

05/27/2013 02:55 EDT | Updated 05/27/2013 03:08 EDT

When it comes to Canadian companies, which CEOs earned the biggest bucks last year?

The Globe and Mail listed how much CEOs from Canada’s 100 largest public companies earned in 2012. The list breaks down the reported compensation by pension value, share-based awards, bonuses and more.

The Globe attributed some of the high figures on its list to "a fevered pace of CEO turnover... as firms pay millions in severance to former executives while also shelling out to attract new leaders," and noted that experts continue to advocate for more reasonable severance pay for CEOs.

The newspaper’s analysis follows a Pew Research Centre study that said 45 per cent of Canadians believe inequality is a “very big problem,” although only 22 per cent said addressing the issue should be the government’s top priority.

One Financial Post article even commented on a lack of public outrage over "sky-high" CEO payments, noting executive pay increased six per cent in 2011, less than the 13-per-cent hike the year before that. It cited governance reforms, although admitted outliers still existed.

In 2011, Canadian CEOs made $7.7 million on average, compared to the median Canadian wage of $45,448, according to a report from the Canadian Centre for Policy Alternatives.

Check out the top 10 highest-paid CEOs in Canada, according to The Globe and Mail, and see the publication’s full list of 100 here.

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