The Tuesday news briefing: An at-a-glance survey of some top stories
Highlights from the news file for Tuesday, Jan. 3
REPORT SAYS TOP EXECS EARN 193 TIMES THE AVERAGE WORKER: Before lunchtime Tuesday, Canada’s highest-paid CEOs were projected to earn as much as the average working person does all year, says a report released by a think-tank that tracks executive compensation. Economist Hugh Mackenzie says the top 100 CEOs are getting an average annual paycheque worth $9.5-million, which is 193 times the average annual industrial wage. Mackenzie, who penned the report for the Canadian Centre for Policy Alternatives, says the problem lies with the way CEOs earn the money, often with stock grants and options. He’s calling on Ottawa to end the tax break for proceeds from stock options.
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SCHEER CALLS ON O’LEARY TO JOIN RACE BEFORE FRENCH DEBATE: Conservative leadership hopeful Andrew Scheer is accusing possible candidate Kevin O’Leary of trying to avoid an all-French debate in two weeks. Scheer released a statement Tuesday urging the Montreal-born businessman to formalize his candidacy and participate in the Quebec City event Jan.17. He says it’s obvious O’Leary wants to join the race and that he has an obligation to all French-speaking Conservatives to take part in the debate. Some Conservatives believe it is essential that Stephen Harper’s replacement has the ability to speak French. The celebrity businessman and reality TV host doesn’t speak the language and has stated he doesn’t need to in order to communicate with Quebecers.