Canada’s 100 highest-paid CEOs will have earned an average worker’s salary by lunch on Monday, the first work day of the year, a survey of publicly-traded companies found.
Canada’s best paid chief executive officers took home an average of $8.96 million in 2014, according to the annual report by the Canadian Centre for Policy Alternatives.
That’s 184 times the pay of the average working Canadian, who earned $48,636 in 2014.
The 98 men and two women earned Canada’s average salary by 12:18 p.m. on the first work day of the new year for many people. They earned the average minimum-wage worker’s pay by just after 2 p.m. on New Year’s Day, a paid holiday.