The report found that in 2022, chief executives' total compensation ranged from a median $425,255 at companies with total assets under $100 million to $16.6 million at companies with total assets topping $30 billion.
The increase in executive pay is attributed to the industry's 'strong position,' rebounding energy demand, and record profits in Canada.
Bedford Consulting Group is already projecting that CEO pay will tick higher in 2024.
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