1. Study finds top Canadian CEO's created tens of thousands of jobs, increasing the standard of living for many
2. Free market to the rescue: High CEO pay, quality employment in focus
3. Study finds mean Canadian income of $44 000/year leaves billions of poor people behind financially
The average Canadian worker makes just over $44,000 a year, according to a new study from the Canadian Centre for Policy Alternatives. The top 100 highest paid CEOs, whose companies are listed on the S&P/TSX composite index, made an average of $8.38 million in 2010. That's a full 189 times higher than the $44,366 average salary for Canadians working full time in 2010, according to the report.
The average Canadian worker makes a whopping $44, 000 a year, according to a new study from the Canadian Centre for Policy Alternatives. The top 100 highest paid CEOs (who's leadership and vision made many of these jobs possible) made an inspiring 8.38 million in 2010. Congratulations on their successes! The CEO pay is indeed 189 times higher than the $44, 366 average salary for Canadians working in 2010, however Canadians average salary is a shocking 60 times higher than the average worker in Haiti and similar proportions exist for many places in the world. The Canadian Centre for Policy Alternatives comments, "This speaks volumes about how much we have to be thankful for."
Couple of comments:
1. The notion that one's honest success is the reason for another failure is wrong and is hurtful to the cause of many fighting to advance. CEO's doing well ought to be leaders serving. If a leader is serving, she is serving and propping others up to better do their job and advance. This should create a result for the customer that leaves them satisfied and profit is the reward for that job done well. Compensation for results is good. It is based on the agreement of employer to employee based on performance. The same mechanism that allows one to make 44 000 and a CEO 8 million is one and the same: a free market paying for results. We need more leaders leading, because this will allow for more people being served and advancing, which by definition...advances others...opposite to the 'leaves them behind' gibberish. CEO's typically do a good thing. The market rewards them for their results. The market rewards me for my results, and you for your results. If we don't like our results, then we need to change them. Give the market what it wants and you will be rewarded. Be thankful that the same 'awesomeness' that enables the 8 million per year CEO is the same 'awesomeness' that enables one to make the $44 000/year: You can do it too! Getting results that yield higer returns within that framework of 'awesomeness' should not come with negative overtones (save and except dishonest gain) and comments. Congratulations to the leaders of our country. Thank you Canada for our ability to earn, develop, advance and grow. I have what many CEO's have: a chance and opportunity to learn, develop advance and grow. Regardless of how things turn out, I remain thankful for what really matters my breath and ability to love.