© Copyright 2020 The Globe and Mail Inc. All rights reserved. Let us take a look at the richest CEOs in the world for 2020 as well as how much they’re worth. Please log in to listen to this story. Non-subscribers can read and sort comments but will not be able to engage with them in any way. OTTAWA — Canada’s 100 highest-paid chief executives were paid record amounts in 2018 in comparison to the employees beneath them, according to a new report released Thursday. Climate Change Could Destroy Financial Firms' Assets, Mark Carney Warns, CEO Of Canadian Retailer Reitmans Has Died, Company Announces. Bonus is the value of any annual and long-term cash incentives paid in 2018. That means: Comments that violate our community guidelines will be removed. Pension value is the additional annual value of the pension benefit earned by the CEO in 2018. Key CEO pay takeaways in 2020 so far: – The sum of the top 50 total granted compensation has decreased by 53% from 2018 to 2019 ($4.73bn in 2018 down to $2.24bn in 2019). The report also found that between 2008 and 2018, top CEOs saw their pay rise by 61%, and by 18% between 2017-18 alone. If a company does not have a CEO, the president or a similar top executive is used. If you are looking to give feedback on our new site, please send it along to, To view this site properly, enable cookies in your browser. That’s the earliest time on record in the 13 years we’ve been tracking these numbers,” said report author and CCPA Senior Economist David Macdonald. Elon Musk Buy this Elon Musk Cybertruck T-Shirt today Salary $595,266,817 Industrial Design Engineer & Physics. Value of CEO’s equity is the year-end value of all equity held by the CEO, valued at the end of the company’s fiscal year or the date of the company’s most recent proxy circular disclosure. Macdonald suggests the federal government could address excessive CEO pay through a review of tax loopholes, as proposed in the Liberals’ December fiscal update, with a focus on the preferential treatment of stock options and capital gains. This report by The Canadian Press was first published Jan. 2, 2020. For companies that report pay in U.S. dollars, the amounts are converted to Canadian dollars at the average annual exchange rate for 2018. “Put another way, by 10:09 am on January 2, the average top CEOs will have made as much money as the average Canadian worker will make all year. The top highest paid CEO in Bloomberg list is Elon Musk. In 2016 the average CEO income was $10.4 million. Finance Minister Bill Morneau has been tasked with changing rules for stock-option deductions, as well as reviewing tax expenditures with an eye on the wealthy, as part of his ministerial mandate letter published last month. This translation has been automatically generated and has not been verified for accuracy. This is a ranking of compensation in fiscal 2018 for the chief executive officers from the 100 largest public companies (by market capitalization) in Canada’s benchmark S&P/TSX composite index as of Dec. 31, 2018. Copyright © 2020 HuffPost.com, Inc. "HuffPost" is a registered trademark of HuffPost.com, Inc. All rights reserved. Percent change is the change from 2017’s total salary and bonus. This is a space where subscribers can engage with each other and Globe staff. Also available in French and Mandarin. Global Governance Advisors. Due to technical reasons, we have temporarily removed commenting from our articles.
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