It seems as though receiving the keys to the big office is heavily correlated to age.
Accompass’s Canadian Executive Pay Trends report, published earlier this year, finds that only 16 per cent of TSX Composite CEOs are under the age of 50. Although CEOs range between 36 and 83 years of age, those in their 50s accounted for 56 per cent of incumbents, with the average CEO standing at 56 years of age. This trend is consistent below the border as well with the average age amongst the U.S. market landing at 57.
As you can see below, the two youngest CEOs within the TSX Composite are Daniel Schwartz (Restaurant Brands International) and Tobias Lutke (Shopify) both at the age of 36 and the oldest CEO on the Composite is William Stinson (Westshore Terminals) at 83.
As for how much these CEOs make, pay levels beyond the $5 million level are highly restricted to those between the age of 45 and 65 and while total compensation opportunities seem to rise after the age of 45 they tend to drop as CEOs reach the age of 65. We can attribute much of this drop to CEO retirement.
DOWNLOAD THE CANADIAN EXECUTIVE PAY TRENDS REPORT
The raw data utilized in preparing this report was provided by Equilar, the number one provider in executive data. All data was extracted from publicly disclosed documents (e.g. annual report, management-information circulars, corporate websites) as of August 2017.
You can download this comprehensive report for free below to learn more about Canadian executive pay trends.