This is a ranking of compensation in fiscal 2018 for the chief executive officers from the 100 largest public companies (by market capitalization) in Canada’s benchmark S&P/TSX composite index as of Dec. 31, 2018.
Are increasingly stock-rich CEO compensation packages worth it for shareholders?
Prepared by Global Governance Advisors, the information comes from management information circulars filed for fiscal year 2018.
Rank Name Organization Name Ticker Base Salary Bonus Sub-Total % Change All Other Compensation Share-Based Awards Option-Based Awards Pension Value Total Reported Compensation % Change Unexercised In-the-Money Options Unvested Share-Based Awards Value of CEO's Equity Accrued CEO Pension Obligation 1 John Chen BlackBerry Limited BB-T $1,308,100 $2,964,416 $4,272,516 11% $17,986 $139,051,030 $0 $0 $143,341,533 3593% $0 $114,570,300 $75,644,915 $0 2 Donald Walker Magna International Inc. MG-T $421,315 $10,016,920 $10,438,234 -3% $156,859 $9,255,960 $6,170,640 $0 $26,021,694 -2% $8,908,595 $20,570,259 $123,130,969 $0 3 Daniel Schwartz Restaurant Brands International Inc. QSR-T $1,037,082 $2,017,526 $3,054,608 -7% $112,905 $21,181,725 $0 $0 $24,349,238 352% $54,350,799 $26,923,085 $74,680,967 $0 4 Joseph Papa Bausch Health Companies Inc. BHC-T $1,944,530 $4,929,382 $6,873,912 18% $121,738 $9,521,618 $2,592,337 $0 $19,109,604 201% $1,452,773 $9,755,637 $20,870,319 $0 5 James Smith Thomson Reuters Corporation TRI-T $2,074,165 $5,366,279 $7,440,444 25% $48,705 $5,703,973 $5,703,957 -$119,264 $18,777,815 0% $54,610,883 $23,319,428 $55,720,535 $18,259,209 6 Ronald Mittelstaedt Waste Connections, Inc. WCN-T $1,227,177 $1,853,785 $3,080,962 -25% $59,466 $14,609,604 $0 $0 $17,750,032 151% $0 $21,825,222 $28,010,320 $0 7 Charles Magro Nutrien Ltd. NTR-T $1,600,807 $4,415,024 $6,015,831 20% $50,009 $4,971,354 $4,971,371 $701,236 $16,709,802 40% $11,028,554 $12,459,367 $9,531,458 $6,003,585 8 John Thornton Barrick Gold Corporation ABX-T $3,240,883 $12,619,996 $15,860,879 79% $324,080 $0 $0 $486,132 $16,671,092 67% $0 $0 $92,381,480 $0 9 Doug Suttles Encana Corporation ECA-T $1,425,988 $2,967,838 $4,393,826 3% $384,793 $8,065,610 $2,688,535 $0 $15,532,764 -2% $4,467,005 $20,672,463 $1,823,740 $0 10 Bharat Masrani The Toronto-Dominion Bank TD-T $1,334,988 $2,079,000 $3,413,988 9% $89,220 $5,571,720 $4,644,337 $1,596,800 $15,316,065 23% $20,603,059 $15,072,961 $75,688,453 $16,845,500 11 Steven Williams # Suncor Energy Inc. SU-T $1,465,577 $3,061,000 $4,526,577 -2% $162,396 $5,065,942 $4,933,692 $100,800 $14,789,407 0% $11,792,850 $9,542,470 $29,280,640 $22,315,655 12 David McKay Royal Bank of Canada RY-T $1,500,000 $3,175,300 $4,675,300 3% $44,877 $7,095,040 $1,773,760 $901,000 $14,489,977 8% $19,400,683 $21,328,514 $26,275,167 $13,670,000 13 Alain Bellemare Bombardier Inc. BBD-B-T $1,447,767 $3,667,253 $5,115,020 -8% $1,434,933 $3,602,435 $3,602,435 $26,575 $13,781,399 0% $808,731 $9,384,447 $1,803,821 $0 14 Brian Porter The Bank of Nova Scotia BNS-T $1,200,000 $2,500,000 $3,700,000 2% $2,990 $6,000,000 $1,500,000 $2,048,000 $13,250,990 3% $3,017,953 $17,964,380 $27,883,647 $14,112,000 15 Roy Gori Manulife Financial Corporation MFC-T $1,423,033 $4,097,602 $5,520,635 * $260,673 $4,592,515 $1,968,221 $644,300 $12,986,344 * $776,616 $9,111,589 $20,518,384 $0 16 R. Jeffrey Orr Power Financial Corporation PWF-T $4,661,000 $0 $4,661,000 2% $480,952 $2,761,870 $2,546,250 $2,150,000 $12,600,072 2% $454,727 $6,299,214 $28,395,486 $36,669,000 17 Darren Entwistle TELUS Corporation T-T $1,375,000 $669,798 $2,044,798 1% $131,883 $9,644,535 $0 $742,000 $12,563,216 3% $0 $19,564,516 $27,863,638 $18,329,000 18 Russell Girling TC Energy Corporation TRP-T $1,362,508 $2,406,264 $3,768,772 19% $13,625 $3,800,000 $3,800,000 $1,120,000 $12,502,397 25% $3,421,487 $2,967,242 $14,845,028 $20,129,000 19 Keith Creel Canadian Pacific Railway Limited CP-T $1,453,595 $3,148,551 $4,602,146 19% $543,332 $4,369,757 $2,519,163 $452,209 $12,486,607 -38% $31,499,964 $9,965,649 $9,426,268 $0 20 Al Monaco Enbridge Inc. ENB-T $1,404,278 $3,296,965 $4,701,244 7% $65,028 $4,214,276 $2,636,323 $737,625 $12,354,496 -24% $6,742,641 $9,358,666 $37,567,012 $19,924,966 21 Sean Boyd Agnico Eagle Mines Limited AEM-T $1,751,600 $4,183,821 $5,935,421 4% $25,537 $5,818,315 $0 $549,402 $12,328,675 -2% $1,351,468 $10,581,735 $18,075,790 $17,691,202 22 George Cope BCE Inc. BCE-T $1,400,000 $2,814,000 $4,214,000 -11% $168,602 $5,156,250 $1,718,750 $756,840 $12,014,442 5% $0 $9,600,734 $77,254,034 $0 23 Stephen Wetmore Canadian Tire Corporation, Limited CTC-A-T $1,500,000 $1,063,762 $2,563,762 -24% $361,181 $8,999,545 $0 $0 $11,924,488 56% $0 $13,891,594 $9,661,554 $0 24 Calin Rovinescu Air Canada AC-T $1,400,000 $3,524,850 $4,924,850 8% $0 $2,800,000 $2,800,000 $1,027,000 $11,551,850 28% $49,590,363 $5,014,044 $19,403,282 $12,473,100 25 Joe Natale Rogers Communications Inc. RCI-T $1,270,865 $1,963,487 $3,234,352 * $130,853 $3,750,158 $3,750,013 $684,217 $11,549,593 * $8,557,381 $9,631,816 $5,261,873 $2,853,669 26 Tobias Lütke Shopify Inc. SHOP-T $760,181 $0 $760,181 -8% $0 $5,185,536 $5,186,042 $0 $11,131,760 4% $82,667,426 $10,661,595 $2,442,464,657 $0 27 Donald Lindsay Teck Resources Limited TECK-B-T $1,607,500 $2,466,300 $4,073,800 3% $0 $2,967,500 $2,973,500 $695,000 $10,709,800 0% $34,499,680 $5,296,607 $37,437,310 $9,463,000 28 Glenn Chamandy Gildan Activewear Inc. GIL-T $1,555,624 $2,333,435 $3,889,059 -6% $144,655 $6,222,481 $0 $73,024 $10,329,219 -3% $8,991,259 $12,986,079 $142,585,761 $0 29 Darryl White (1) Bank of Montreal BMO-T $1,000,000 $1,980,000 $2,980,000 * $3,000 $4,506,250 $1,158,750 $1,476,234 $10,124,234 * $2,640,018 $14,581,313 $5,665,000 $1,414,728 30 Victor Dodig Canadian Imperial Bank of Commerce CM-T $1,000,000 $2,131,524 $3,131,524 -7% $2,250 $5,115,661 $1,278,915 $520,000 $10,048,350 6% $2,061,712 $10,978,985 $19,523,342 $6,439,000 31 Dean Connor Sun Life Financial Inc. SLF-T $1,100,000 $2,200,000 $3,300,000 0% $11,997 $4,500,028 $1,500,001 $400,833 $9,712,859 6% $18,667,678 $12,718,166 $23,138,284 $6,258,000 32 Mark Barrenechea Open Text Corporation OTEX-T $1,231,535 $1,570,208 $2,801,743 -26% $48,174 $4,587,745 $1,824,689 $0 $9,262,351 -41% $24,661,014 $20,734,488 $32,627,716 $0 33 Barry Perry Fortis Inc. FTS-T $1,300,000 $1,713,000 $3,013,000 -17% $406,730 $3,900,000 $1,300,000 $460,750 $9,080,480 -2% $7,652,843 $8,278,042 $16,842,876 $0 34 Louis Vachon National Bank of Canada NA-T $1,125,015 $1,890,000 $3,015,015 -15% $4,768 $3,375,000 $1,687,503 $788,000 $8,870,286 -5% $50,019,913 $12,840,803 $18,615,265 $17,118,000 35 John Floren Methanex Corporation MX-T $1,148,750 $2,770,000 $3,918,750 80% $319,122 $2,177,130 $2,159,404 $277,997 $8,852,403 27% $1,206,871 $1,069,362 $7,776,371 $0 36 Brian Hannasch Alimentation Couche-Tard Inc. ATD-B-T $1,748,260 $1,704,553 $3,452,813 -6% $0 $3,205,878 $1,386,906 $723,294 $8,768,891 -12% $31,410,182 $3,109,804 $17,779,946 $10,883,153 37 George Schindler CGI Inc. GIB-A-T $1,210,938 $1,947,121 $3,158,059 26% $100,950 $2,797,802 $2,508,117 $3,209 $8,568,137 17% $41,313,097 $3,477,970 $8,720,907 $0 38 Rafael Ashkenazi The Stars Group Inc. TSGI-T $1,288,167 $3,858,921 $5,147,088 90% $187,737 $3,226,291 $0 $0 $8,561,115 73% $712,501 $3,541,034 $6,318,760 $0 39 Charles Brindamour Intact Financial Corporation IFC-T $1,229,423 $1,584,009 $2,813,432 0% $0 $5,227,500 $0 $475,910 $8,516,842 9% $0 $12,216,836 $27,144,317 $10,953,464 40 Jean-Jacques Ruest (1) Canadian National Railway Company CNR-T $873,383 $1,577,598 $2,450,981 * $24,034 $2,508,845 $2,052,555 $1,449,000 $8,485,415 * $7,318,447 $6,000,158 $29,796,611 $11,641,000 41 J. Paul Rollinson Kinross Gold Corporation K-T $1,330,317 $1,903,685 $3,234,003 -16% $291,218 $3,086,338 $771,584 $598,643 $7,981,785 -16% $588,143 $8,300,868 $15,331,870 $0 42 Robert Peabody Husky Energy Inc. HSE-T $1,528,750 $1,738,000 $3,266,750 -5% $171,132 $3,431,528 $846,703 $168,163 $7,884,276 14% $0 $8,231,012 $2,245,008 $0 43 Rich Kruger (2) Imperial Oil Limited IMO-T $1,164,834 $561,038 $1,725,872 -23% $2,799,146 $4,599,416 $0 -$1,254,381 $7,870,053 15% $0 $18,879,222 $19,463,228 $17,157,500 44 André Desmarais (3) Power Corporation of Canada POW-T $1,225,000 $1,500,000 $2,725,000 198% $642,638 $277,513 $4,451,260 -$336,000 $7,760,411 75% $2,187,640 $0 $465,338,429 $28,253,000 45 Bradley Shaw Shaw Communications Inc. SJR-B-T $2,000,000 $3,896,200 $5,896,200 -22% $751,223 $974,050 $133,200 -$180,500 $7,574,173 -37% $2,181,000 $3,218,644 $231,804,741 $94,817,000 46 Jeffrey Carney IGM Financial Inc. IGM-T $1,254,667 $2,843,485 $4,098,152 1% $134,845 $1,132,500 $1,575,765 $320,100 $7,261,362 25% $0 $2,881,866 $4,348,091 $0 47 Tim McKay (1) Canadian Natural Resources Limited CNQ-T $583,334 $4,319,179 $4,902,513 * $78,820 $0 $2,236,875 $0 $7,218,208 * $1,782,500 $4,508,794 $49,031,619 $0 48 Michael Dilger Pembina Pipeline Corporation PPL-T $1,029,167 $1,944,600 $2,973,767 16% $69,303 $2,205,000 $1,470,000 $413,133 $7,131,203 23% $1,454,265 $3,593,885 $7,979,974 $3,170,505 49 Paul Mahon Great-West Lifeco Inc. GWO-T $1,223,400 $1,770,000 $2,993,400 -2% $215,486 $3,064,881 $911,934 -$69,286 $7,116,415 -9% $592,254 $2,939,404 $11,675,848 $27,719,402 50 Marc Parent CAE Inc. CAE-T $961,200 $1,695,370 $2,656,570 -3% $175,114 $2,370,416 $1,126,080 $596,000 $6,924,180 7% $9,455,476 $11,443,999 $13,159,429 $9,095,000 51 Tim Gitzel Cameco Corporation CCO-T $1,025,000 $1,784,000 $2,809,000 21% $0 $2,183,062 $1,455,454 $318,300 $6,765,816 8% $2,304,718 $0 $9,936,689 $5,554,200 52 Edward Sonshine RioCan Real Estate Investment Trust REI-UN-T $1,300,000 $1,806,961 $3,106,961 0% $1,000,000 $2,600,000 $0 $0 $6,706,961 17% $3,500 $6,854,471 $15,974,917 $6,258,100 53 Eric La Flèche Metro Inc. MRU-T $932,212 $1,025,733 $1,957,945 9% $5,387 $1,491,638 $899,758 $2,226,000 $6,580,728 87% $12,174,182 $3,027,563 $12,234,833 $9,475,000 54 Alexander Pourbaix Cenovus Energy Inc. CVE-T $1,000,000 $880,000 $1,880,000 * $95,825 $2,249,993 $2,250,000 $82,667 $6,558,485 * $118,421 $3,866,851 $9,244,694 $0 55 Alexandre L'Heureux WSP Global Inc. WSP-T $1,100,000 $2,126,300 $3,226,300 6% $291,000 $2,419,935 $604,995 $0 $6,542,230 6% $3,540,727 $4,316,821 $15,157,659 $0 56 Ravi Saligram Ritchie Bros. Auctioneers Incorporated RBA-T $1,296,353 $1,475,742 $2,772,095 41% $224,753 $1,779,141 $1,759,561 $0 $6,535,549 22% $10,098,460 $13,857,135 $9,662,618 $0 57 J. Bruce Flatt Brookfield Asset Management Inc. BAM-A-T $972,265 $0 $972,265 0% $48,613 $5,357,568 $0 $0 $6,378,446 -28% $0 $73,688,525 $2,745,558,354 $0 58 Anthony Marino Vermilion Energy Inc. VET-T $668,221 $500,000 $1,168,221 162% $77,534 $4,999,880 $0 $0 $6,245,635 51% $0 $10,122,253 $9,539,426 $0 59 Scott Balfour (1) Emera Incorporated EMA-T $986,673 $1,668,000 $2,654,673 * $35,993 $2,100,156 $699,846 $634,000 $6,124,668 * $2,348,002 $2,912,245 $4,446,618 $2,467,000 60 Phillip Pascall First Quantum Minerals Ltd. FM-T $1,555,624 $1,296,353 $2,851,977 19% $3,373 $1,555,624 $1,555,624 $0 $5,966,597 19% $0 $3,537,282 $63,730,884 $0 61 L. Scott Thomson Finning International Inc. FTT-T $973,350 $894,697 $1,868,047 -7% $72,600 $3,000,000 $750,000 $228,042 $5,918,689 -3% $649,958 $5,859,364 $6,446,964 $0 62 Randy Smallwood Wheaton Precious Metals Corp. WPM-T $971,132 $2,375,567 $3,346,699 48% $0 $1,748,118 $595,408 $0 $5,690,225 21% $1,320,190 $6,183,536 $11,846,698 $0 63 Michael Medline Empire Company Limited EMP-A-T $900,003 $1,620,000 $2,520,003 * $2,779 $1,850,000 $900,000 $263,000 $5,535,782 * $2,247,427 $4,815,250 $1,195,478 $278,000 64 Neil Bruce SNC-Lavalin Group Inc. SNC-T $1,158,654 $0 $1,158,654 -55% $270,188 $4,019,395 $0 $0 $5,448,237 -13% $454,480 $7,566,376 $4,922,459 $0 65 Paul Desmarais, Jr. (3) Power Corporation of Canada POW-T $1,225,000 $1,500,000 $2,725,000 1% $507,249 $278,125 $2,451,260 -$732,000 $5,229,634 -21% $2,187,640 $0 $463,813,007 $27,803,000 66 Mayo Schmidt # Hydro One Limited HSE-T $636,924 $700,616 $1,337,540 * $420,769 $3,104,991 $0 $77,538 $4,940,838 * $0 $6,197,437 * $0 67 Geoffrey Martin CCL Industries Inc. CCL-B-T $1,484,656 $1,032,608 $2,517,264 -46% $0 $0 $2,048,200 $374,580 $4,940,044 -30% $2,194,238 $12,515,000 $33,704,909 $0 68 Sachin Shah Brookfield Renewable Partners L.P. BEP-UN-T $570,214 $0 $570,214 -37% $32,978 $4,290,747 $0 $0 $4,893,939 -20% $0 $12,070,734 * $0 69 Ted Seraphim West Fraser Timber Co. Ltd. WFT-T $820,095 $1,044,250 $1,864,345 3% $0 $978,275 $977,640 $832,700 $4,652,960 7% $4,603,998 $3,017,375 $3,895,849 $9,194,000 70 Ian Robertson Algonquin Power & Utilities Corp. AQN-T $920,000 $1,113,149 $2,033,149 21% $43,512 $1,623,000 $540,500 $192,662 $4,432,823 13% $5,196,317 $2,905,955 $24,430,994 $0 71 Anthony Makuch Kirkland Lake Gold Ltd. KL-T $910,000 $1,730,820 $2,640,820 12% $65,555 $1,619,998 $0 $26,500 $4,352,873 17% $0 $9,675,438 $16,468,098 $0 72 Dani Reiss Canada Goose Holdings Inc. GOOS-T $1,019,231 $2,316,420 $3,335,651 35% $0 $0 $986,314 $0 $4,321,965 73% $1,303,156 $0 $997,148,699 $0 73 Andrew Phillips PrairieSky Royalty Ltd. PSK-T $550,000 $925,000 $1,475,000 0% $0 $2,062,500 $687,500 $66,000 $4,291,000 7% $0 $3,111,100 $11,381,700 $0 74 Thomas Hofstedter H&R Real Estate Investment Trust HR-UN-T $1,200,000 $1,341,000 $2,541,000 18% $0 $1,600,000 $0 $0 $4,141,000 10% $5,793,876 $3,335,780 $81,232,770 $0 75 Galen Weston Loblaw Companies Limited L-T $590,000 $1,104,259 $1,694,259 187% $32,705 $1,573,336 $786,671 $0 $4,086,971 36% $7,730,949 $6,461,489 $29,958,493 $0 76 Marie Inkster (1) Lundin Mining Corporation LUN-T $662,934 $756,495 $1,419,429 * $26,247 $1,602,370 $1,033,919 $0 $4,081,965 * $529,342 $1,678,366 $5,295,155 $0 77 David Harquail Franco-Nevada Corporation FNV-T $812,750 $812,750 $1,625,500 -17% $15,066 $1,625,500 $812,750 $0 $4,078,816 -10% $1,432,882 $4,268,984 $111,874,600 $0 78 Michael Emory Allied Properties Real Estate Investment Trust AP-UN-T $800,000 $1,200,000 $2,000,000 21% $40,000 $1,013,238 $1,000,000 $0 $4,053,238 26% $4,749,240 $1,909,439 $50,297,395 $0 79 Lino Saputo Jr. Saputo Inc. SAP-T $1,300,000 $2,669,680 $3,969,680 -24% $0 $0 $0 $0 $3,969,680 -24% $0 $0 $5,657,590 $0 80 Neil Rossy Dollarama Inc. DOL-T $1,100,000 $605,000 $1,705,000 -37% $0 $0 $2,221,200 $14,404 $3,940,604 -5% $18,322,767 $0 $111,905,629 $0 81 Christian Bayle Inter Pipeline Ltd. IPL-T $675,000 $940,000 $1,615,000 13% $219,566 $2,100,000 $0 $0 $3,934,566 10% $0 $2,445,107 $17,317,576 $0 82 Scott Medhurst Toromont Industries Ltd. TIH-T $780,000 $1,494,377 $2,274,377 0% $34,672 $0 $1,331,000 $246,724 $3,886,773 4% $8,488,800 $0 $17,113,149 $2,109,627 83 David Smith Keyera Corp. KEY-T $600,000 $1,068,000 $1,668,000 26% $0 $2,137,644 $0 $60,000 $3,865,644 12% $0 $4,800,022 $19,373,189 $0 84 Galen Weston George Weston Limited WN-T $590,000 $858,804 $1,448,804 146% $32,705 $1,573,408 $786,668 $0 $3,841,585 28% $0 $2,668,243 $29,164,414 $0 85 Robert Espey Parkland Fuel Corporation PKI-T $777,500 $1,358,681 $2,136,181 66% $74,859 $1,081,626 $489,996 $0 $3,782,662 58% $10,834,408 $2,442,648 $17,817,811 $0 86 Adam Paul First Capital Realty Inc. FCR-T $800,000 $926,000 $1,726,000 -3% $48,800 $1,300,000 $650,000 $0 $3,724,800 9% $233,850 $3,364,216 $9,347,356 $0 87 Nancy Southern Canadian Utilities Limited CU-T $875,000 $1,050,000 $1,925,000 9% $30,625 $384,596 $106,486 $1,049,206 $3,495,913 -21% $1,480,500 $1,096,200 $7,064,159 $26,097,188 88 Marty Proctor Seven Generations Energy Ltd. VII-T $450,000 $604,800 $1,054,800 * $66,781 $578,625 $1,777,721 $0 $3,477,927 * $0 $674,772 $5,299,634 $0 89 Michael Rose Tourmaline Oil Corp. TOU-T $600,000 $2,250,000 $2,850,000 6% $60,000 $0 $242,198 $0 $3,152,198 7% $0 $0 $208,305,852 $0 90 Yvon Charest # iA Financial Corporation Inc. IAG-T $872,548 $879,280 $1,751,828 11% $0 $261,757 $595,800 $0 $2,609,385 7% $827,880 $253,056 $3,596,689 $9,221,612 91 Pierre Karl Péladeau Quebecor Inc. QBR-B-T $1,300,000 $1,225,730 $2,525,730 * $0 $0 $0 $43,200 $2,568,930 * $0 $0 $2,224,062,051 $8,528,900 92 Bruce Linton Canopy Growth Corporation WEED-T $200,000 $300,000 $500,000 18% $21,291 $0 $1,994,723 $0 $2,516,014 316% $17,958,334 $0 $92,312,920 $0 93 Peter Anderson CI Financial Corp CIX-T $650,000 $720,000 $1,370,000 -12% $0 $810,018 $270,001 $0 $2,450,019 -16% $0 $1,833,650 $12,153,853 $0 94 Gerald Schwartz Onex Corporation ONEX-T $1,685,259 $0 $1,685,259 -86% $0 $0 $0 $0 $1,685,259 -86% $40,053,000 $0 $883,116,229 $0 95 Terry Booth Aurora Cannabis Inc. ACB-T $325,000 $243,750 $568,750 222% $0 $690,000 $336,422 $0 $1,595,172 -35% $12,890,000 $2,325,000 $30,984,585 $0 96 Peter Forde (1) SmartCentres Real Estate Investment Trust SRU-UN-T $492,480 $245,107 $737,587 * $14,806 $745,107 $0 $0 $1,497,500 * $0 $897,410 $2,333,175 $0 97 Nancy Southern ATCO Ltd. ACO-X-T $125,000 $150,000 $275,000 16% $4,375 $452,597 $464,984 $149,887 $1,346,843 -12% $2,853,250 $1,351,350 $15,540,263 $3,728,170 98 V. Prem Watsa Fairfax Financial Holdings Limited FFH-T $600,000 $0 $600,000 0% $718,207 $0 $0 $0 $1,318,207 111% $0 $0 $1,117,557,768 $0 99 Jeff Tygesen # Turquoise Hill Resources Ltd. TRQ-T $205,852 $229,023 $434,875 * $10,044 $539,170 $0 $0 $984,089 * $0 $637,088 * $0 100 David Ehrlich # (1) Canadian Apartment Properties Real Estate Investment Trust CAR-UN-T $700,000 $0 $700,000 * $19,460 $0 $0 $0 $719,460 * $0 $1,430,669 $1,502,353 $0 101 Mark Leonard Constellation Software Inc. CSU-T $0 $0 $0 0% $0 $0 $0 $0 $0 0% $0 $0 $382,517,359 $0 Median $1,100,000 $1,620,000 $2,801,743 3% $48,613 $2,370,416 $900,000 $14,404 $6,765,816 7% $1,480,500 $4,815,250 $18,994,227 $0 Average $1,123,313 $1,896,535 $3,019,848 14% $162,805 $4,431,977 $1,316,061 $280,766 $9,211,457 62% $8,018,069 $8,632,064 $148,278,140 $5,785,876
Source: Global Governance Advisors
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* = Information not available
# = Former CEO
Notes:
(1) New CEO in 2018.
(2) Includes pension compensation from Exxon Mobil and ownership of only Imperial Oil.
(3) Includes compensation and ownership from Power Corporation of Canada and Power Financial Corporation.
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The Methodology
Where two names appear, the company has co-CEOs. If a company does not have a CEO, the president or a 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.
For companies that report pay in U.S. dollars, the amounts are converted to Canadian dollars at the average annual exchange rate for 2018. 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 in 2018.
Bonus is the value of any annual and long-term cash incentives paid in 2018.
Percent change is the change from 2017’s total salary and bonus. No number is shown if the CEO was not in the same position for all of 2017 and 2018.
Other includes all other payments and the cash value of perquisites and benefits.
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Share-based awards is the total value of shares, share units, trust units or similar long-term incentive plan grants in 2018.
Option-based awards is the estimated grant date value of new stock options awarded to the CEO in 2018.
Pension value is the additional annual value of the pension benefit earned by the CEO in 2018.
Unexercised in-the-money options is the year-end value of stock options held by the CEO.
Unvested share-based awards is the year-end 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 year-end value of all equity held by the CEO, valued at the end of the company’s fiscal year or the date of the company’s most recent proxy circular disclosure. This typically includes shares and vested share units, but excludes unexercised stock options.
Accrued CEO pension obligation is the estimated year-end value of a company’s total expected cost to provide the CEO’s defined-benefit pension. It excludes the value of any defined-contribution pension accrued by the CEO.
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