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CEO pay and TSX 60 returns have plotted opposite courses

It must be nice for Canada’s top CEOs that their pay packets are very nearly as full as they were at their bulging peak before the recession. Their companies’ key financial measures don’t look nearly so thoroughly restocked.

As my Globe and Mail colleague Janet McFarland reported Monday, the chief executive officers of Canada’s 100 biggest corporations saw their combined pay jump 11 per cent in 2013 over 2012. The median compensation for these executives was $5.6-million, just a tad shy of its pre-recession high of $5.8-million in 2007.