(1) New CEO in 2017; (2) Includes compensation from Exxon Mobil and ownership of both Imperial Oil and Exxon Mobil; (3) Includes compensation and ownership from Power Corporation of Canada and Power Financial Corporation; (4) On medical leave during 2017. The CEOs averaged $10.4 million a year, compared to the average Canadian income of $49,738. "Any company can justify increases in compensation if the shareholders are also making return on their investments that well exceeds the market," said Vlaad. We aren’t surprised to see the outspoken Salesforce CEO (right), who famously uses ohana (family) as a guiding principle and spent millions closing his company’s gender pay gap, on this list either. Average worker pay is based Approval Rating: 98 per cent Box 500 Station A Toronto, ON Canada, M5W 1E6. However, volatility in equity markets last year also put pressure on the banks' valuations. Thank you for your patience. Share-based awards is the total value of shares, share units, trust units or similar long-term incentive plan grants in 2017. That means: Comments that violate our community guidelines will be removed. The chief executives of Canada's five largest banks collectively earned roughly $63.2 million in total compensation during the 2018 financial year, up about 12 per cent from the previous year. [T]hey provide an opportunity to grow and develop while working on leading technology.”, The Company: Harris Computer Systems “Lots of talented and dynamic people, great compensation, amazing products, and visionary leadership,” one enthusiastic senior account executive told Glassdoor. The banks continued to churn out profits despite worries over stricter mortgage lending rules and trade uncertainty. At minimum, employers on the list were required to have at least 1,000 employees and 25 company reviews, including at least 25 CEO approval ratings and at least 25 senior management ratings. It excludes the value of any defined-contribution pension accrued by the CEO. Audience Relations, CBC P.O. Excluding pension value and other miscellaneous compensation items, the five bank CEOs earned roughly $54.7 million in total direct compensation, up roughly 6.5 per cent from the 2017 financial year. These pay hikes came as the Big Five banks delivered a collective $43.2 billion in net income for the 2018 financial year, up nearly 7.2 per cent from the prior year. When not writing for the tech industry enjoys photography, movies, travelling, the Oxford comma, and will talk your ear off about animation if you give him an opening. The banking sector employs tens of thousands of people and each of the five financial institutions has a growing international presence, he said. Published June 20, 2018 Updated August 2, 2018 . CIBC, at the higher end of the range, saw its shares increase from $107 to $112, or about 4.7 per cent. Elon Musk - CEO Tesla. That's up roughly 23 per cent from Masrani's $12.4 million in total compensation for the 2017 fiscal year, marking the biggest annual pay bump amongst the five bank chiefs. Place on overall list: 8, An employee from Mississauga, On.-based long-term care software developer PointClickCare told Glassdoor that “Leadership have done a great job of bringing together the different functional groups on a regular basis so that a company of 1000-plus employees feels like a tight-knit community.”, The employee even singled out CEO Wessinger for praise, writing that “all of the senior leadership, including the CEO, are accessible to all employees.”, The Company: Microsoft "remove":"add"](select.closed),dom.control.setAttribute("aria-expanded",o)}function onToggleClicked(){var l=!isPanelOpen();setPanelState(l)}function onWindowScroll(){window.requestAnimationFrame(function() {var l=isPanelOpen(),n=0===(document.body.scrollTop||document.documentElement.scrollTop);n||l||!allowExpand?n&&l&&(allowExpand=!0,setPanelState(!1)):(allowExpand=!1,setPanelState(!0))});}pencilInit(".js-sub-pencil",!1); Due to technical reasons, we have temporarily removed commenting from our articles. While the average Canadian worker saw their pay rise 2.6 per cent between 2017 and 2018, keeping just ahead of inflation, top CEOs received an 18 per cent pay boost in that same time period. Updated for 2018! “Management believes we should be transparent both ways,” an SAP software developer from Montreal wrote to Glassdoor. When comparing the share prices of each bank from the beginning of the 2018 financial year on Nov. 1, 2017 to the end on Oct. 31, 2018, the results are mixed. For companies that report pay in U.S. dollars, the amounts are converted to Canadian dollars at the average annual exchange rate for 2017. This is a space where subscribers can engage with each other and Globe staff. Welcome to The Globe and Mail’s comment community. Place on overall list: 17, According to one anonymous Toronto-based marketing manager, Ceridian’s leaders “genuinely care about their people. © Copyright 2020 The Globe and Mail Inc. All rights reserved. This is a ranking of compensation in fiscal 2017 for the chief executive officers of the 100 largest public companies (by market capitalization) in Canada’s benchmark S&P/TSX composite index as of Dec. 31, 2017. Accrued CEO pension obligation is the estimated year-end value of a company’s total expected cost to provide the CEO’s defined-benefit pension. It is a priority for CBC to create a website that is accessible to all Canadians including people with visual, hearing, motor and cognitive challenges. Place on overall list: 18, An anonymous Apple manager from Toronto praised the company and CEO Tim Cook (shown here during the company’s WWDC 2018 conference) for building an “amazing team environment” and training “great upper management.”, The Company: Ceridian This typically includes shares and vested share units, but excludes unexercised stock options. Nearly one third of Canada’s top 25 CEOs work in the tech industry, according to the 2018 Glassdoor Employees’ Choice Awards for the Top CEOs, released Tuesday. CEO: Marc Benioff If a company does not have a CEO, the president or similar top executive is used. If the company has an irregular year-end, the exchange rate is the rate used by the company for its currency conversion. CEO: Tim Cook Valeant Pharmaceuticals International Inc. Industrial Alliance Insurance and Financial Services Inc. Avoid the use of toxic and offensive language. RBC's shares in that period slipped one per cent from $96 to $95. Nearly one third of Canada's top 25 CEOs work in the tech industry, according to the 2018 Glassdoor Employees’ Choice Awards for the Top CEOs. wrote that they would “highly recommend Harris Computer Systems as a great place to work. 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