VANCOUVER—Historically high levels of compensation for top business leaders in Canada is not unusual, given the high levels of compensation that top global athletes, musicians and actors also receive, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“Top performers in any industry—sports, music, movies and the global business community—are compensated at historically high levels because they are in high demand globally, there are limited substitutes and they’re highly mobile, making it fierce competition for the very best,” said Jason Clemens, Fraser Institute executive vice-president and co-author of CEO to Worker Pay: A Broader Examination.