CANADA: Executive Compensation 2009: The complete list - 22 June 2009

This is a ranking of compensation
paid in fiscal 2008 to the CEOs of the 100 largest companies (by market
capitalization) in the S&P/TSX composite index as of June 1. For
companies with no CEO, the president or similar executive is used.
Where two names appear, the company has co-CEOs. The data reflect new
compensation disclosure rules mandated by regulators for companies with
fiscal year-ends of Dec. 31, 2008 or later. For companies with earlier
fiscal year-ends, the data in some categories may not be directly
comparable if displayed under prior disclosure rules.

The chart also shows CEOs’ accumulated equity and pension holdings at
the end of their companies’ fiscal years or at a later date if provided
by the company in the annual shareholder proxy circular. It does not
include gains from options that have been exercised in the past or
shares that were sold in the past, but only provides a snapshot of
current holdings at a moment in time. The data do not include shares
held by a CEO in other related companies within their corporate groups.

The table below shows the first 25 companies and a subset of the available data. To view the full list please click on 'View Full Table" below.

Legend:

• CURRENCY: For companies that report in U.S.
  dollars, amounts are converted to Canadian dollars at the average
  annual exchange rate for 2008 ($1.066 Cdn).


• SALARY is base salary.


• BONUS is annual cash incentive payment.


• PERCENTAGE
  CHANGE is the change from 2007 total salary and bonus. No number is
  shown if the CEO was not in the same position for all of 2007 and 2008.


• OTHER includes all other payments and the cash value of other benefits.


• STOCK AWARDS is the total of shares, share units, trust units or similar long-term incentive plan grants.


• OPTION GRANTS is the value of stock options or trust unit rights granted in 2008.


• PENSION VALUE is the annual value of pension benefit earned by the CEO in 2008.


• VALUE OF UNEXERCISED IN-THE-MONEY OPTIONS is the value of stock options held by the CEO at the end of the fiscal year.


• VALUE
  OF UNVESTED SHARE-BASED AWARDS is the value of share units or related
  compensation that have not yet met time or performance conditions
  required for payout.


• VALUE OF SHARES AND SHARE UNITS is the value of equity held by the CEO.


• COMPANIES’ ACCRUED OBLIGATION FOR PENSION is the estimated value of companies’ total cost to provide the CEO’s pension.