04:50:59 EDT Fri 31 Mar 2023
Enter Symbol
or Name

Login ID:
Cameco Corp
Symbol CCO
Shares Issued 432,501,151
Close 2023-01-03 C$ 31.36
Recent Sedar Documents

FP says Nuvei's Fayer highest paid CEO at $140.8M

2023-01-03 08:58 ET - In the News

See In the News (C-NVEI) Nuvei Corp

The Financial Post reports in its Tuesday edition that the Canadian Centre for Policy Alternatives (CCPA) says the top 100 chief executive officers by pay earned an annual average of $14.3-million, breaking the previous record of $11.8-million set in 2018. The Post's Bianca Bharti writes that the CEO compensation rose more than 31 per cent from 2020, when the average pay stood at $10.9-million. CCPA said the minimum pay in this group also hit a new high in 2021, increasing to $6.7-million from $6.1-million in the year prior. It identified Cameco CEO Tim Gitzel as the group's lowest-paid member, earning $6.7-million. The top earner was Nuvei CEO Philip Fayer, whose total compensation was about $140.8-million. The ratio of CEO compensation to average worker pay also increased from 2020. The average private-sector worker -- the CCPA does not track the pay of workers employed by the top 100 CEOs -- earned $58,800 in 2021, so the CEO cohort made 243 times that figure, which broke the record of 227 set in 2018. CCPA said, "The reason for the growing disparity between CEO pay and average workers is driven by variable compensation, or performance-based pay, although most people would just call it bonuses."

© 2023 Canjex Publishing Ltd. All rights reserved.