The Globe and Mail reports in its Monday edition that Canada's top executives got a nearly 20-per-cent raise last year as stock prices soared and boards increasingly opted to pay their managers with shares over options. The Globe's Jameson Berkow writes that a review of CEO pay at Canada's 100 largest public companies found median total salary, bonus, stock awards and other compensation reached $10.3-million in 2024, up 19.6 per cent from 2023. That marks the first time a typical chief executive officer of a large company earned more than $10-million in one year. Strong market performance was the primary driver of the increase, with the S&P/TSX Composite Index also rising about 20 per cent in 2024. Chief executives generally beat the performance targets their boards set for them by substantial margins, meaning they were eligible for generous incentive pay in the form of bonuses and share-based awards. The average CEO in the top 100 received a short-term incentive payment that was 55 per cent above their target. At Shopify, the lion's share of CEO Tobias Lütke's compensation for last year came in the form of stock options worth $154.13-million, which is tied more directly to the absolute performance of Shopify stock.