Mining CEOs make up a quarter of highest paid Canadian chiefs
Twenty-four mining and oilsands company chief executives are among the 100 highest paid Canadian CEOs. The list appears in the report "Canada's CEO Elite 100: the 0.01%" written by the left-leaning Canadian Centre for Policy Alternatives. The report is meant to highlight income inequality in Canada.
Receiving the highest compensation is auto parts magnate Frank Stronach, who as CEO of Magna International Inc. pulled in $61.8 million, including base salary, bonus and options. The top mining executive is Martin Konig from Niko Resources, whose total compenation topped $14.8 million.
Next down the list is Canadian Natural Resources CEO Steve Laut and Bill Doyle, PotashCorp. chief executive, who each earned $11.6 million. Goldcorp's Charles Jeannes and Robert Friedland, CEO of Ivanhoe Mines, were each paid $10.3 million.