The Globe and Mail reports in its Monday edition that Canada's top executives got a nearly 20-per-cent raise last year. The Globe's Jameson Berkow writes that a review of chief executive officer pay at Canada's 100 largest public companies found median total salary, bonus, stock awards and other compensation reached $10.3-million in 2024, up 19.6 per cent from 2023. That marks the first time a typical CEO of a large company earned more than $10-million in one year. CEOs generally beat the performance targets their boards set for them. The average CEO in the top 100 received a short-term incentive payment that was 55 per cent above their target. Nearly half of GFL Environmental CEO Patrick Dovigi's total compensation in 2024 -- $29,124,541 -- falls under the "all other compensation" category.
According to GFL filings, that included $11.4-million in life insurance premiums. In October, 2024, shots were fired at Mr. Dovigi's home in Toronto's Rosedale neighbourhood.
Women were the biggest outlier on the top 100, accounting for a handful of names on the list. Only one -- Canadian National Railway CEO Tracy Robinson -- placed in the top 50 for pay. She was No. 16 with total reported compensation worth $18.6-million.
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