Wednesday, January 2, 2008

Average Cdn CEO Makes $65,000 Per Day

Top 100 CEOs Will Make Nearly Double....

It's only the second day of the year, but Canada's top executives have already made more money than the average Canadian. A report by the Canadian Centre for Policy Alternatives (CCPA) has found that Canada's 100 best-paid CEOs made the national average wage of $38,998 by 10:33 a.m. on Jan. 2 and will continue to earn that amount ever nine hours and 33 minutes for the rest of the year. "Most Canadians are heading back into work with a mound of Christmas bills and financial worries but for Canada's best-paid 100 CEOs it's like Santa Claus delivers every nine hours," said the report's author, CCPA research associate Hugh Mackenzie, in a statement. By the end of today, the average of the top CEOs will have made more than $65,000, the report added.

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