Sociology 2228A/B Chapter Notes - Chapter 2: Mint Condition, Executive Compensation
30 Jan 2020
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Top 100 highest-paid ceos form companies on canada"s tsx composite. By 11:33am on january 2nd, canada"s richest ceos will have already made what the average. They make an average of million. They make 197x more than the average worker. While the average worker"s income increased by 2. 1% The gap between canada"s richest ceo and everyone else continues to widen. Executive compensation differs significantly - most of it comes from bonuses as opposed to wages. Executives receive bonuses during hiring, retiring, company buy outs, company spin offs, when they are fired, and when their company goes bankrupt. They also receive them when the stock price increases and decreases. In 2017, 77% of the total pay that ceos received came from variable pay. Was bonus cash with amounts related to the company"s stock price. Came from receiving options to buy company stock in the future. 18% was in company stock - getting paid in stock as opposed to money.
