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Not only are boards complicit in the executive compensation rip-off, but the government kicks in a significant share as well.
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Some corporate boards are exclusive networks of corporate acquaintances and cannot be trusted to keep CEO pay in check, according to a study by researchers at the Ted Rogers School of Management at Ry...
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By coincidence, just as the Academy Awards were being handed out, our executive recruitment firm, Rosenzweig & Company, was getting ready to release its 10th annual Report on Women at the Top Levels of Corporate Canada. The findings show that wage equality, while important, is just part of the issue. The reality is that even if women in Canada achieve complete wage equality at every level, there are far too few women in the highest paid corporate executive positions positioned to reap that reward.
In the public sector in Ontario, there have been several governance scandals, including Ontario Power Generation, eHealth, Ontario Lottery and Gaming Corporation, and Ornge, that have included compensation and spending. What this reveals is defective oversight. Governance is not government.
The talent headhunting phenomenon began informally with well-connected former industry executives with big rolodexes and great contacts. In those days, searches were simple: You needed someone and headhunters put calls out and found someone. Today, an effective search is much more sophisticated, yet myths continue to dominate.
Last year the CEO of Canadian Pacific, Hunter Harrison, received $49.2 million in compensation. The difference between regular employees' pay and CEO compensation has grown rapidly in recent years. According to the Canadian Centre for Policy Alternatives, in 1995 the top-paid CEOs received 85 times the earnings of average Canadians.
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 d...
There is merit to Peter Munk's position. If shareholders truly believe in pay for performance, then it is equally important to attract and motivate executive talent in a downturn as it is in an upturn. This means, paradoxically, that a compensation committee will pay out more, in spite of low stock price, and rein in executive pay during an upturn.
In the wake of a new study detailing soaring CEO compensation, the corporations whose executives pocketed the highest annual earnings appear reluctant to discuss a trend that critics say has gotten ou...
Recession? What recession? The economic downturn in 2008 and 2009 was a distant memory by 2010 for Canada’s top chief executive officers, at least as far as their pay packages were concerned. A Globe...