resilient, bouncing back after recession
years and dropping only a couple of per-
centage points when the economy takes
a downturn. One recent trend has shown
that share grants are replacing stock op-
tions as a form of higher pay. Stock op-
tions dropped from 21 per cent of pay in
2008 to 13 per cent in 2014, while share
grants rose from 26 per cent in 2008 to 39
percent in 2014.
Close to half of the CEOs in the study had
pensions averaging $961,000 annually,
markedly close in value to their $1.1 mil-
lion average base salaries.
The CCPA’s study, Staying Power: CEO Pay
in Canada, is based on total earnings of
CEOs on the 249 publicly listed Canadian
corporations in the TSX index and repre-
sents 2014 earnings data.
JANUARY 2016
H
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