By Mark Iype, Canwest News ServiceJanuary 5, 2010
As most Canadians dragged themselves back to work Monday after the lazy holiday season, many were also faced with the reality of high credit card bills and Christmas expenses that were a mere afterthought as they made their way through the packed shopping malls.
But according to a study released Monday, Canada's 100 highest paid CEOs need not worry -- they will have earned Canada's average annual salary of $42,305 by just after lunch on Jan. 4.
"The top 100 CEOs pocket that amount by 1:01 p.m. on Jan. 4 -- the first working day of the year," said economist Hugh Mackenzie, a researcher on a study done by the Canadian Centre for Policy Alternatives.
