January 5, 2009

A Banner Year for Canada’s CEOs

By admin

The people that are working closely with Jim Flaherty as his economic ‘dream team’ have very little experience with real life economics.

By 9:04 AM on January 2, most CEOs in Canada earned as much as the average pay level in all of Canada.

To make things more insulting, the average pay hike for the top 100 CEOs in Canada was 22%.  The grand total for these people will likely break another milestone:  pay in excess of one billion for the top 100.

Canadian earnings rose a mere 3.2%.

Now, we’re giving these people bailout money because … ?

Here’s the full story from the Canadian Centre for Policy Alternatives .

Watch the video too (when you have a second) .