REPORT: TOP C-E-Os MADE AVERAGE CANADIAN WORKERS SALARY BEFORE LUNCH

The average top paid CEO in Canada will have already made the average worker’s annual salary before 11 a.m.
The Canadian Centre for Policy Alternatives looks at the 100 highest-paid chief executive officers at publicly listed companies for 2016.
The policy think-tank says those CEOs took home a record $10.4-million  — over 200% an average Canadian’s salary of just under $50,000.
The report found on average base pay made up just 11% of a CEOs compensation.
Most of it came from share grants (33%), bonuses (26%) and stock options (15%).
”They are now making your average pay prior to your second cup of coffee,” said author David Macdonald. 
”In a couple of years — five years maybe — CEOs will make your pay before breakfast.”
Valeant Pharmaceuticals CEO Joseph Papa earned over $83-million last year to top the list.
Macdonald says the federal government could help narrow the inequality gap by taxing top earners at a higher rate.
He’d also like to see the government close loopholes such as the stock option deduction, where profits from stock options are taxed at a lower rate compared to regular income.