Mr Toevs and Mr Craig were also the second and third highest paid according to so called statutory pay. Commonwealth Bank of Australia executives enjoyed generous pay rises in the last financial year – despite the fact the bank’s cash profits have plunged. A NOTE ABOUT RELEVANT ADVERTISING: We collect information about the content (including ads) you use across this site and use it to make both advertising and content more relevant to you on our network and other sites. Learn how to enable cookies. According to a new report, the average compensation for Canada's 100 highest-paid CEOs hit a record $10.4 million in 2016 — that's more than 200 times an average worker’s salary. #12 Linamar's Linda Hasenfratz: $14.6 million total compensation. "[They are] now making your average pay prior to your second cup of coffee," he said. He says their compensation is justifiable and shouldn't be compared to an average worker's salary. The lion's share came from share grants (33 per cent), bonuses (26 per cent) and stock options (15 per cent). It will attempt to measure senior executives' progress in areas including "diversity and inclusion, sustainability and culture". According to his report, the lowest wage for the richest CEOs in 2016 was $2,489.62 an hour. But his actual take home pay for the year, reported for the first time, hit $8.1 million as bonuses linked to the CBA’s customer satisfaction ratings and total shareholder returns in previous years were paid out. Lee points to the late Hunter Harrison as an example of a top executive earning his worth. This means that Mr. Gachora is one of the best paid CEOs in the country currently. The NCBA compensation policy is aimed at attracting highly skilled staff and keeping up with prevailing wage rates in the market. Please note that CBC does not endorse the opinions expressed in comments. John Gachora’s Salary: In May 2019, John Gachora was appointed as the chief executive officer of NCBA Bank, a unit that was created from the merger of two banks, NIC and CBA. Comments are welcome while open. Gachora was the CEO of NIC bank. These long-term incentives, which were approved by shareholders last year, were awarded after CBA's increase in cash earnings per share in the four years to 2015. Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. Updated Feb 2, 2018 – 2.15pm, first published at 10.00am. Box 500 Station A Toronto, ON Canada, M5W 1E6. 7.5 million. 9 Attention-Grabbing Cover Letter Examples, 10 of the Best Companies for Working From Home, The Top 20 Jobs With the Highest Satisfaction, 12 Companies That Will Pay You to Travel the World, 7 Types of Companies You Should Never Work For, How to Become the Candidate Recruiters Can’t Resist, 11 Words and Phrases to Use in Salary Negotiations, 10 High-Paying Jobs With Tons of Open Positions, Negotiating Over Email?
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