Blogs & Comment

What to do with all that CEO money

The total compensation given to CEOs of Canada's 100 largest companies comes to $547,839,533.

(Photo: Blend Images)

The total compensation given to CEOs of Canada’s 100 largest companies as shown on the current issue of Canadian Business, comes to $547,839,533. In order to start to understand that number better, I have to do some reframing. That $548 million would buy you 1,658 average Canadian houses or 3,764 average houses in PEI which had the best bargins in July 2010 according to the Canadian Real Estate Association. If you don’t want to settle down, you could buy (pre-taxes) 9,690 Cadillac DTS, 40,000 Kia Rio or 19,359 Ford Taurus automobiles. If you want to get married in Las Vegas and invite some friends, fly 524,000 people from Toronto and put them up for four nights in the Bellagio. That’s more than the entire population of Newfoundland and Labrador in the 2006 census. If you feel like giving the money away, you can buy over 9,000,000 AIDS kits through the world vision catalogue or pay the average tuition for one year for over 111,000 Canadian university students. If all these numbers make you want to have a drink, use the money to go out and buy 18, 292,000 cases of 24 beers. You will get almost $44,000,000 back by returning the bottles. This amount of beer would take almost nine minutes to flow over the American Niagara Falls.