Skip to main content

The Globe and Mail

Full compensation rankings of largest companies

This is a ranking of compensation paid in fiscal 2009 to the CEOs of the 100 largest companies (by market capitalization) in the S&P/TSX composite index, as of April 1. One company, Bell Aliant Regional Communications Income Fund, is not included because its compensation data was not available. For companies with no CEO, the president or similar top executive is used. Where two names appear, the company has co-CEOs. The chart also shows the value of accumulated stock options, unvested share units, accumulated stock holdings and pension plans.

More from Executive Compensation 2009:

  • Full story: Executive compensation set to rise
  • Full story: Investors seek disclosure on stock options
  • Full results: Full compensation rankings of largest companies
  • By the numbers: Compensation trends for 2009
  • Discussion: Your questions on executive compensation
  • In pictures: The Top 10: Highest-paid Canadian executives
  • In pictures: Executives who saw the biggest 2009 pay increases

CURRENCY: For companies that report in U.S. dollars, amounts are converted to Canadian dollars at the average annual exchange rate for 2009 ($1.142 Canadian). If the company has an irregular year end, the exchange rate used is the rate on the last day of the fiscal year or the rate used by the company for conversion, if disclosed.

SALARY is base salary.

Story continues below advertisement

BONUS is the annual cash incentive payment.

PERCENTAGE CHANGE is the change from 2008 total salary and bonus. No number is shown if the CEO was not in the same position for all of 2008 and 2009.

OTHER includes all other payments and the cash value of perquisites and benefits.

STOCK AWARDS are the total value of shares, share units, trust units or similar long-term incentive plan grants.

OPTION GRANTS are the estimated value of stock options or similar trust unit rights granted in 2009.

PENSION VALUE is the additional annual value of the pension benefit earned by the CEO in 2009.

VALUE OF UNEXERCISED IN-THE-MONEY OPTIONS is the value of stock options held by the CEO at the end of the fiscal year.

Story continues below advertisement

VALUE OF 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.

COMPANY'S ACCRUED PENSION OBLIGATION is the estimated value of a company's total cost to provide the CEO's defined benefit pension.

Report an error
As of December 20, 2017, we have temporarily removed commenting from our articles. We hope to have this resolved by the end of January 2018. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to If you want to write a letter to the editor, please forward to