By Neil Scott January 3, 2009
Top auto industry executives should be thrown into jail and the keys to the companies seized by workers who actually manufacture cars, the top Saskatchewan labour leader said Friday.
Larry Hubich, the firebrand president of the Saskatchewan Federation of Labour, said top executives with auto companies and other big businesses "don't do anything'' other than collect big salaries and travel the world on corporate jets.
"It's time for the workers to take over some of these companies,'' Hubich said Friday, the first regular working day of the new year.....
Hubich's comments were partly in reaction to a report released by the Canadian Centre for Policy Alternatives indicating that -- four minutes into the first working day of the new year --
Canada's best-paid CEOs had already pulled in what the average Canadian worker earns in a year.
Or at least that's what they pulled in during 2007, the latest full year for which figures are available.
"The 100 highest paid CEOs of Canadian publicly traded corporations received an average of $10,408,054 in total compensation in 2007," the report by the left-of-centre research organization said, noting that was a record average 22.7-per-cent increase from the year before and brought their combined pay packet to a record of more than $1 billion.
"At that rate of pay, Canada's richest CEOs pocket the average Canadian wage of $40,237 by 9:04 a.m. Jan. 2, before most Canadians have booted up their computer for another year of work," said Hugh Mackenzie, association researcher and author of the report.
Read More From Scott HERE
CEO pay in Canada to come under spotlight
1 comment:
They attached a strap to each end and made it into a chanel watches . Paul Buhre, Henry Moser, and a few other Swiss companies made these oversized artillery officers’ watches. It was silver plated because they couldn’t take gold out of Russia at the beginning of the 20th century.
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