Duly Quoted: Hugh Mackenzie
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Duly Quoted: Hugh Mackenzie

“Canadians may still be feeling the pain from a worldwide economic meltdown caused by reckless financial speculation but Canada’s business elite has preserved its privileged position.”
—Hugh Mackenzie, research associate for the Canadian Centre for Policy Alternatives, which released a report yesterday examining the compensation received by Canadian CEOs in 2009 [PDF]. Among his findings: “At the rate they earned in 2009, by about 2:30 p.m. on January 3 the average of the one hundred best-paid public company CEOs in Canada already pocketed what it would take a Canadian working full-time all year to earn.”