Canadian CEO pay for 2022 broke records. Here's what their yearly salary could buy you
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- January 04, 2024
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Canadian CEO's are in their "Gilded Age" according to a new report from the Canadian Centre for Policy Alternatives, which found that . On average, the report found, Canada's top CEOs made $14.9 million. But how much is that really? Canada's top executives could buy planes, trains and centuries of worth of workers.
Here's what you could buy if you could spend like a CEO. The Leafs’ latest bottom six combination, as of , earns a combined $13 million (U.S. $9.8 million). That means the average top 100 Canadian CEO could field hockey team of, exclusively: Nick Robertson, Calle Jarnkrok, Max Domi, Bobby McMann, David Kampf and Noah Gregor.
, the vehicles set to run on the as of yet non operational tracks were shown off back in 2018. — each of which can carry 295 passengers and top out at 88 kilometres per hour — for $392 million from Bombardier in 2018. That’s a cost of $5.2 million per vehicle, or $6.14 million in 2023 dollars, meaning someone with the average Canadian CEO salary could afford their own private fleet of two LRT ready vehicles for when the Eglinton Crosstown finally opens.
In 2020, an Australian couple who owned a to scale replica of Stonehenge (plus a three bedroom house) . Adjusted for inflation, that property would cost $2.2 million, meaning the average CEO, if they were a big Stonehenge fan, could buy at least six, full sized replicas of the one of the world’s most iconic man made structures.
Based on the , Canada’s average CEO could pay for more than a millennium’s worth of minimum wage labour, 1,048 years to be exact. If, as a generous CEO, they decided to pay at Toronto’s livable wage, , they could afford 594,810 hours of labour, or close to 68 years’ worth. The top earner at $152 million is J.
Patrick Doyle, the executive chairman of Restaurant Brands International Inc., which owns Burger King, Tim Hortons, Popeyes and Firehouse Subs. According to the company's website, it runs "over 30,000 restaurants in more than 100 countries." For a few hours in early December, all of Toronto held its breath as fans tracked a flight supposedly delivering baseball free agent superstar Shohei Ohtani to the Blue Jays.
The flight, it turned out, was and . The model of the private jet, a Bombardier Global 5000, was part of the conspiracy, as fans noted that Ohtani had used a similar jet before. While you wouldn't be able to afford Ohtani's contract, if you wanted to recreate that moment of unadulterated hope, you could buy not one, not two, but three 2020 model Bombardier 5000 jets (pre owned) at $45.5 million each, according to AircraftBluebook, with some money to spare for a pilot and gas.
Shohei Ohtani impersonators not included. As Doyle, your 2022 salary would be enough to match the entire GDP of the country Tuvalu, nearly twice over. The island chain in the South Pacific has a population of just 11,312 and one of the lowest GDP’s in the world, according to the World Bank. As of the latest data released in 2022, Tuvalu had a GDP of $79 million.
Doyle’s yearly salary would rank third to last in global GDPs for 2022, ahead of Tuvalu and Nauru, another Pacific island country. Doyle, based on the current Ontario minimum wage, could pay for 9,184,290 hours of minimum wage labour — the equivalent of 382,679 days or 1,048 years. At Toronto’s livable wage, he could hire a worker for 692 years (or 692 livable wage workers for one year).
Canada’s top 100 CEOs combined, based on their salaries from 2022, have earned nearly as much as the GDP of The archipelago in the Atlantic has a population of 45,703. If they were a country, the top executives of the country would have the 183rd largest GDP in the world. According to Forbes, "Star Wars: The Force Awakens," which premiered in 2015, was the most expensive movie ever made, with a budget of $712.2 million, meaning Canada’s top CEOs could pool together their money to fund a box office hit, and if it didn’t work out, they could pay for another one.
, Canada’s top CEOs could pay for just over one kilometre (1.17 km to be exact) of the 15 kilometre subway line. Combined, Canada’s top 100 CEOs could pay for over 90 million hours, or more than 10 thousand years, of minimum wage labour. At Toronto’s livable wage, they could hire a worker for nearly 7,000 years of consecutive, 24 hour work..
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