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Stock impact report

Top 100 Canadian CEOs now earn 248 times more than the average Canadian worker: report [BNN Bloomberg (Canada)]

BCE, Inc. (BCE) 
Last bce, inc. earnings: 2/6 07:00 am Check Earnings Report
US:NYSE Investor Relations: bce.ca/investors/investoroverview
Company Research Source: BNN Bloomberg
This milestone comes from data collected by the Canadian Centre for Policy Alternatives (CCPA), which tracked compensation for the highest-paid executives in Canada. The calculation is based on the average worker earning $65,548 annually and CEO compensation now averaging $16.2 million (or 248 times what the average worker makes), surpassing the previous record of $14.9 million in 2022, when the gap stood at 246 times the average. Now, top executives earn a year's worth of worker pay in just over eight working hours. David Macdonald, the author of the report and senior economist with the CCPA, told CTV News in an interview that the time marker is meant to put into perspective the scale of inequality. “It's hard to conceptualize that [gap],” Macdonald said. Since 2020, CEO pay has increased by 49 per cent, compared to just 15 per cent for workers, the CCPA found. While the wage gap has always existed, Macdonald notes it has grown dramatically over the last several decades. Show less Read more
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