Top Canadian CEOs earn annual worker's salary by lunchtime on Jan. 2

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Top Canadian CEOs earn annual worker's salary by lunchtime on Jan. 2
Topic Started: Jan 3 2014, 02:33 AM (242 Views)
Darcie	Jan 3 2014, 02:33 AM Post #1
Skeptic Posts: 31,154 Group: Member Member #714 Joined: March 30, 2010	Quote: TORONTO - By the time you finish lunch on Thursday, Canada's top paid CEOs will have already earned the equivalent of your annual salary. It may be hard to swallow, but according to an annual review by the Canadian Centre for Policy Alternatives, by 1:11 p.m. on Jan. 2, the average top paid Canadian CEO will have been earned as much as the average full-time worker's yearly income. The review found the average compensation among Canada's top 100 CEOs was $7.96 million in 2012. This compared with the average annual Canadian worker's salary of $46,634. http://www.montrealgazette.com/business/Canadian+CEOs+earn+annual+workers+salary+lunchtime/9340474/story.html For some reason I just find this decadent.



campy	Jan 3 2014, 02:36 AM Post #2
Handyman Extraordinaire Posts: 28,720 Group: no politics Member #204 Joined: February 2, 2006	Darcie Jan 3 2014, 02:33 AM Quote: TORONTO - By the time you finish lunch on Thursday, Canada's top paid CEOs will have already earned the equivalent of your annual salary. It may be hard to swallow, but according to an annual review by the Canadian Centre for Policy Alternatives, by 1:11 p.m. on Jan. 2, the average top paid Canadian CEO will have been earned as much as the average full-time worker's yearly income. The review found the average compensation among Canada's top 100 CEOs was $7.96 million in 2012. This compared with the average annual Canadian worker's salary of $46,634. http://www.montrealgazette.com/business/Canadian+CEOs+earn+annual+workers+salary+lunchtime/9340474/story.html For some reason I just find this decadent. If the average is 46,000 or so then what are the ranges? That's what is important. I am willing to be that there are lots of $100,000 and over salaries. I don't find CEO's salaries decadent as long as they are not earning it off the backs of unfortunate people. I am opposed to CEO's of hospitals getting huge salaries while going out to the public and asking for donations because they can't meet budget. That's decadent.



Olive Oil	Jan 3 2014, 06:17 AM Post #3
Gold Star Member Posts: 4,747 Group: Member Member #785 Joined: June 10, 2010	I often wonder if money is better spent by increasing starting salaries rather than an extra bonus for the CE0. If you are a Macdonald's type operation surely if you can start employees at a higher rate or offer benefits you will be able to attract the cream of the crop workers. People that will stay with you and people that value their jobs enough to be dependable, etc. This brings to mind Costco who pay a fair working wage and have little turnover in staff.



Darcie	Jan 3 2014, 06:25 AM Post #4
Skeptic Posts: 31,154 Group: Member Member #714 Joined: March 30, 2010	In times of high unemployment there are the corporations that treat workers as expendable, more can always be enticed to low salaries because they have to keep a roof over their heads and eat. When employment is high the corporations start treating the staff with some respect, more like people than inanimate objects.



Bitsy	Jan 3 2014, 06:38 AM Post #5
Veteran Member Posts: 31,383 Group: Member Member #267 Joined: March 11, 2006	Olive Oil Jan 3 2014, 06:17 AM I often wonder if money is better spent by increasing starting salaries rather than an extra bonus for the CE0. If you are a Macdonald's type operation surely if you can start employees at a higher rate or offer benefits you will be able to attract the cream of the crop workers. People that will stay with you and people that value their jobs enough to be dependable, etc. This brings to mind Costco who pay a fair working wage and have little turnover in staff. The view from the US... Posted Image



Daniel	Jan 6 2014, 06:23 AM Post #6
Small Star Member Posts: 902 Group: Member Member #759 Joined: May 9, 2010	Defenders would say that those CEOs should keep what they worked so hard to earn. The rest of the 99% are just lazy and should get better paying jobs instead of complaining. History has shown that the great monuments and palaces built by the Pharaohs, emperors and Tzars were paid for by the blood of the peasants and commoners. Not so different today when you look at all those Olympic villages scattered all over the world and the debts they left behind.



campy	Jan 6 2014, 06:30 AM Post #7
Handyman Extraordinaire Posts: 28,720 Group: no politics Member #204 Joined: February 2, 2006	Quote: History has shown that the great monuments and palaces built by the Pharaohs, emperors and Tzars were paid for by the blood of the peasants and commoners. History is now showing that the pyramids were not built by slaves but by workers who took pride in their jobs. http://news.discovery.com/history/ancient-egypt/pyramids-tombs-giza-egypt.htm Edited by campy, Jan 6 2014, 06:32 AM.



Daniel	Jan 6 2014, 06:36 AM Post #8
Small Star Member Posts: 902 Group: Member Member #759 Joined: May 9, 2010	Who said slaves? Not me.



reactivate	Jan 6 2014, 08:23 AM Post #9
Gold Star Member Posts: 3,897 Group: Member Member #769 Joined: May 18, 2010	Didn't anyone actually read the OP. Take the top paid positions in the country then select the very highest paid 100 of those top positions and wonder of wonders, it is a whole lot more than the average worker. So what! Of all the meaningless stats that one could dream up to use as an attention getting sound bite, this is the pinnacle. But, it is still just a BS meaningless sound bite.



campy	Jan 6 2014, 09:00 AM Post #10
Handyman Extraordinaire Posts: 28,720 Group: no politics Member #204 Joined: February 2, 2006	Daniel Jan 6 2014, 06:36 AM Who said slaves? Not me. Someone said 'blood' of the peasants and commoners. I assumed that to be beaten with a whip into forced labour.



margaret	Jan 6 2014, 10:01 AM Post #11
Red Star Member Posts: 2,276 Group: Member Member #1,032 Joined: October 3, 2013	It is disgusting and sick when one sees people who worked for places such as Nothern Tell having to use the food bank.



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