A Globe review of pay for CEOs at Canada's 100 largest public companies in 2009 shows top executives received, on average, almost no pay increase last year
Bruce Flatt, Managing Partner and CEO of Brookfield Asset Management, received no bonus last year, or in 2008.
(PETER JONES/PETER JONES/REUTERS)
Fairfax Holdings chairman and CEO Prem Watsa chats with shareholders. He received no bonus in 2009 or 2008.
(Frank Gunn/Frank Gunn/THE CANADIAN PRESS)
Philip Wright of Lundin Mining has received no bonus over the past two years. In April, the company posted a first-quarter profit of $38-million (U.S.), reversing a year-earlier loss.
(Fred Lum/Fred Lum/THE GLOBE AND MAIL)
Magna International Inc. co-CEO Donald J. Walker speaks during the company's annual general meeting of shareholders in Markham, Ont., on Wednesday, May 6, 2009. Mr. Walker received a bonus of $2.8-million in 2008, but no bonus in 2009. The company did not pay incentive bonuses last year but paid a 'compensation adjustment' of $4.2-million to each of its co-CEOs.
(Darren Calabrese/Darren Calabrese/THE CANADIAN PRESS)
Magna International Inc. co-CEO Siegfried Wolf speaks to shareholders. Mr. Wolf received a bonus of $2.8-million in 2008, but no bonus last year. Magna did not pay incentive bonuses last year but paid a 'compensation adjustment' of $4.2-million to each of its co-CEOs.
(MIKE CASSESE/MIKE CASSESE/REUTERS)
Potash Corp President and CEO William Doyle smiles after the 2010 Annual Meeting of Shareholders in Saskatoon, Saskatchewan, May 6, 2010. REUTERS/David Stobbe
(DAVID STOBBE/David Stobbe/Reuters)
Royal Bank of Canada president and CEO Gordon Nixon at RBC's AGM in Toronto on March 3, 2010. Mr. Nixon received no bonus in 2009 following a bonus of $2.4-million in 2008.
(MARK BLINCH/MARK BLINCH/REUTERS)
Donald A. Stewart, chief executive officer of Sun Life Financial Inc., is seen in Sunlife's Toronto office on March 26, 2010. He received no bonus in either 2008 or 2009.
(JENNIFER ROBERTS/Jennifer Roberts for The Globe and Mail)
Marc Tellier, president and CEO of Yellow Media Inc., received a $650,000 bonus in 2008. He received no bonus in 2009.
(Graham Hughes/Graham Hughes/THE CANADIAN PRESS)