Last year,many CEOs of Canada's largest companies earned less than $500,000 base pay,yet their overall compensation was on average more than $9 million.What was the major source for the large total pay?

Question

Quizplus · Accepted Answer

The major source for the large total pay was likely stock options. Companies often offer stock options as a way to incentivize CEOs to increase the company's value and share price, leading to a higher return on investment for both the CEO and shareholders. This can result in significant compensation for the CEO, even if their base pay is relatively low.

Last Year,many CEOs of Canada's Largest Companies Earned Less Than