# = Former CEO
(1) New CEO in 2012.
(2) Option value includes both Encana options and Cenovus replacement options.
(3) Includes compensation from Exxon Mobil, but ownership only of Imperial Oil.
(4) Includes compensation and ownership from Power Corp. of Canada and Power Financial Corp.
This is a ranking of compensation in fiscal 2012 for CEOs from the 100 largest public companies (by market capitalization) in Canada’s benchmark S&P/TSX composite index as of Dec. 31, 2012.
Where two names appear, it means the company has co-CEOs. If a company does not have a CEO, the president or similar top executive is used. When CEOs have changed during the year, the chart typically shows the CEO who was in place for the larger portion of the year. Two companies are not included because their compensation data had not been published by the survey’s cut-off date.
For companies that report pay in U.S. dollars, the amounts are converted to Canadian dollars at the average annual exchange rate for 2012. If the company has an irregular year end, the exchange rate is the rate used by the company for its currency conversion.
Salary is base salary.
Bonus is the annual cash incentive payment.
Per cent change is the change from 2011’s total salary and bonus. No number is shown if the CEO was not in the same position for all of 2011 and 2012.
Other includes all other payments and the cash value of perquisites and benefits.
Share-based awards is the total value of shares, share units, trust units or similar long-term incentive plan grants.
Option-based awards is the estimated grant-date value of stock options or similar trust-unit rights awarded in 2012.
Pension value is the additional annual value of the pension benefit earned by the CEO in 2012.
Per cent change in the final column is the change from 2011’s total compensation. No number is shown is the CEO was not in the same position for all of 2010 and 2011.
Unexercised in-the-money options is the value of stock options held by the CEO at the end of the fiscal year.
Unvested share-based awards is the value of share units or similar compensation that has not yet met time or performance conditions required for payout.
Value of CEO’s equity is the value of all equity held by the CEO, including shares and vested share units, but excluding unexercised stock options.
Accrued CEO pension obligation is the estimated value of a company’s total cost to provide the CEO’s defined benefit pension.