Top CEOs will have earned average workers' full annual pay by 2:30 p.m. today (jan 3)

[The Straight Story]

Top CEOs will have earned average workers' full annual pay by 2:30 p.m. today

OTTAWA — Canada's best-paid chief executives earned 155 times the average income earner during the darkest days of the recession, the Canadian Centre for Policy Alternatives said in a report Monday.

Declaring that those 100 chief executives were "recession proof," the think tank said they earned an average of $6.6 million in 2009 compared with $42,988 for the average Canadian.

That means by 2:30 p.m. Monday, the first working day of the year, those CEOs will have earned the full year's wage of the average Canadian, said Hugh Mackenzie, the author's study and research associate for the centre.

The discrepancy is almost 50 per cent higher than just over a decade ago, in 1998, when CEOs took home an average pay 104 times higher than the average wage earner, the centre said.


Read more: http://www.vancouversun.com/business/CEOs+will+have+earned+average+workers+full+annual+today/4052268/story.html#ixzz1A42OVlXe

[Lasher]

1. No they didn't.

They didn't earn it.

[quaker bill]

2. Things are a bit slow in Canada...

I was wondering why it took until 2:30 in the afternoon. In America, I am pretty sure we get this done before lunch.