TOP 10 Chances are, when you find yourself at the head of a company, you’ll earn a healthy salary. Specifically, the top 10 CEOs in Canada can rejoice about the impressive pay package each receives on an annual basis. Interestingly enough, the highest paid CEOs earn an average of $9.2 million dollars a year. This figure is an astounding 190 times more than the average citizen in Canada, who earns $47,358. Conducted every year by the Canadian Centre for Policy Alternatives, we invite you to meet the top 10 highest paid CEOs in Canada, thanks to the assistance of fiscal 2013. On a side note, each CEO listed below happens to be a man. Will women be cracking into the top 10 highest paid CEOs in the near future?
10
Paul Colborne
Since 2013, Paul Colborne has held the title of President and CEO of Surge Energy Inc., an oil focused E&P company that has a high quality crude oil reserve, production and 20
April 2015
cash flow base. Due to other compensation (bonuses, shares, options, pension and other payments), Colborne earns $13,675,941 a year from the company. Colborne obtained a Bachelors of Arts in Economics and a Bachelors of Laws from the University of Calgary. He has a combined total of 22 years experience in the oil and gas industry; his expertise is considered to be in commercial law, including the following: securities, banking, oil and gas.
9
Doug Suttles
President and CEO of Encana Corporation since 2013, Doug Suttles earns $13,774,095 a year— $562,830 coming from a base salary, with another $13,211,265 earned in other compensation. Formed in 2002, Encana Corporation is known for producing, transporting and marketing natural gas, oil and natural gas liquids. Suttles graduated from the