How Much Does the Boss Make?

LOTS, according to a recent survey. To be specific, Canada’s top CEOs make about 200 times the average worker’s earnings. Ten years ago it was only 100 times.

They usually get these ridiculous salaries because of bonuses for making the company profitable. This should only be true for long time CEOs. For example, although I think Frank Stronach makes too much, at least there is more logic to the claim that Magna is successful due to him. These modern CEOs who often just come in for several or a few years cannot claim that success is due mainly to them. It could just be that the firm (coincidentally) hit a high point in its life at the same time.

AND, some of them get absurd money even if their employer does not do all that well.

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