industries

CEO Demographic Rundown

Executive Cash Flow By 12:13 pm, January 1, 2007, Canada’s top paid corporate executives had already pocketed as much as a minimum wage worker will earn in all of 2007. (Canadian Centre for Policy Alternatives, Jan. 2007) Highest paid Male Executive in B.C. 2007 is Canaccord Capital Inc. President and CEO, Paul Reynolds, with a total compensation of $11,207,392 – just over $30-thousand daily. (Business in Vancouver)

By Lisa Nakamura Nguyen /

Executive Cash Flow

By 12:13 pm, January 1, 2007, Canada’s top paid corporate executives had already pocketed as much as a minimum wage worker will earn in all of 2007. (Canadian Centre for Policy Alternatives, Jan. 2007)

  • Highest paid Male Executive in B.C. 2007 is Canaccord Capital Inc. President and CEO, Paul Reynolds, with a total compensation of $11,207,392 – just over $30-thousand daily. (Business in Vancouver)
  • Highest paid female executive in B.C. 2007 is Telus Corp Exec. Vice President/President, Divisional, Karen Radford, with a total compensation of $2,089,637 – just over $57-hundred daily. (Business in Vancouver)
  • Former B.C. Lottery Corp. CEO Vic Poleschuk was the highest paid civil servant $929,027 – Just over $25-hundred per day. (BCBusiness)

The Ol’ Boys Club

“We looked at the BCBusiness list that had the top public and private companies, and there were three women in 100 CEOs, and I saw almost no ethnic diversity.” (Karin Kirkpatrick, Director of the Centre for CEO Leadership at UBC’s Sauder School of Business, Nov. 2007 on christyclark.ca) Based on the Top 20 Private, Public, and Crown Corporation in B.C. 2007 (BCBusiness)

  • Top 20 CEOs are all males, with an average age of 54.5 years old.
  • CEO of Best Buy Ltd., Mike Pratt, 40, is the youngest.
  • CEO of Jim Pattison Group, Jim Pattison, 80, is the oldest.
  • Brandt Louie (CEO of H.Y. Louie Co. Ltd, and of London Drugs Limited), of Chinese decent, is the only visible minority

Strength of the Inner Circle

In the private sector, among the largest 50 companies (in Canada) ranked by revenue, fully 80 percent of CEO appointments are internal. (Ron Robertson, Recruiting your next CEO: practical advice for Canadian boards, Ivey Business Journal Online May/June 2008) Based on the Top 20 Private, Public, and Crown Corporation in B.C. 2007 (BCBusiness)

  • 66% of the CEOs were appointed internally.
  • The average years spent in the company before appointed to a CEO position is 12.8 years.
  • CEOs recruited externally were a CEO, President, or Exec. VP with their previous company.

Multitasking CEOs

Amongst corporate governance, honesty, and financial performance, community involvement/corporate citizenship plays an integral role in determining the most respected CEO in the annual ‘Canada’s Most Respected Corporations Survey’ (sponsored by KPMG). Whether it’s charities or academic boards, B.C. CEOs are proving their three-letter title encompasses leadership beyond company territory. Based on the Top 20 Private, Public, and Crown Corporation in B.C. 2007 (BCBusiness)

  • All have at least 2 other commitments, in addition to their CEO position.
  • Two, Jim Pattison and Henry Ketcham, are recipients of the Order of British Collumbia (O.B.C). Jim Pattison also holds an Order of Canada.
  • Seven are involved with the Vancouver 2010 Olympics. Darren Entwistle (Director of Vancouver 2010 Bid Corporation), Jim Pattison and Paul Taylor (Bid Campaign Supporter), Donald Lindsay of Teck Cominco is supplying the gold, silver and bronze for the medals at Vancouver 2010 Olympic and Paralympic Winter Games, Brandt Louie, Vic Poleschuk and Bob Elton are all Olympic Ambassadors .