Posted AT 7:51 AM EST on 06/10/08
Options drive rise in CEO pay
Stock market turmoil over the past year hasn't stopped Canada's top chief executive officers from cashing out stock options and share units at record-high levels.A Report on Business review of paydays for CEOs of Canada's 100 largest companies shows cash compensation - base salaries and bonuses - was up 18 per cent in 2007 for the median CEO in the middle of the pack.
But huge gains from stock options and other long-term incentive plans sent the total payout far higher.
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