WHEREAS not so long ago executives in industry received incomes which equalled approximately ten times the average wage paid to their employees. Included in this calculation and of extreme importance was the profitability of the business, and
WHEREAS over the last eleven years we have witnessed an eighty-two percent increase in executive compensation, while working and retired Canadians have seen income stagnation; and
WHEREAS union-organized workplaces have attempted to distribute the generated profits in a more equitable fashion, excessive executive wage increases continue,
THEREFORE BE IT RESOLVED that the National Pensioners Federation highlight the unfairness of the present compensation paid to CEO’s and other corporate executives while workers experience wage and pension stagnation.
Submitted by TORONTO AREA RETIRED WORKERS COUNCIL