Once again,
The Globe and Mail has conducted an exhaustive study of Canada’s largest publicly owned companies to determine which executives boasted the highest earnings in the 2014 fiscal year.
It determined which companies to include by examining the respective size of each organization’s market capitalization. The analysts then evaluated compensation based on a comprehensive methodology that factored in salary, bonuses, share-based awards, pension value and value of CEO’s equity, among others.
Using this formula, the top 10 highest paid Canadian CEOs in 2014 and their total reported compensation are:
1. John Chen (BlackBerry Ltd): $89,715,019
2. Donald Walker (Magna International Inc.): $23,417,274
3. Gerald Schwartz (Onex Corp.) $21,135,946
4. Hunter Harrison (Canadian Pacific Railway Ltd.): $17,632,169
5. Mark Thierer (Catamaran Corp.): $16,330,467
6. Donald Guloien (
Manulife Financial Corp.): $14,484,208
7. John Thorton (Barrick Gold Corp.): $14,261,463
8. Paul Wright (Eldorado Gold Corp.): $13,788,702
9. Bradley Shaw (Shaw Communications Inc.): $13,344,105
10. Steven Williams (Suncor Energy Inc.): $12,384,676
In addition to Manulife’s CEO holding the sixth spot, five other insurance-related entities managed to crack the top 100. They include:
37. Paul Mahon (Great-West Lifeco Inc.): $8,212,97640.
40. Dean Connor (Sun Life Financial Inc.): $7,735,938
57. Charles Brindamour (
Intact Financial Corp.): $5,062,187
76. Yvon Charest (Industrial Alliance Insurance and Financial Services Inc.): $3,515,972
100. Prem Watsa (Fairfax Financial Holdings Ltd.): $624,270
Outside of Sun Life Financial Inc. each CEO reported a higher ranking than the year prior.
