A half-dozen CEOs of Winnipeg-based firms cracked the seven-figure mark in total compensation.Wow, a whole six CEOs! While the title of the story is meant to rile up hysteria about excessive salaries, and seems to be succeeding based on the comments on the web site, the "evidence" included in the column tells a whole different story: there is no money in Winnipeg.
Only publicly traded firms are included in this data, but even still there are only 25 CEOs who earn a large enough salary to rent a one room apartment and buy dog food for their shi tzu. That is a crazy small number for a city of this size, and to me this is indicative of an economic environment that stifles private investment and drives away corporate money and the types of jobs that support the arts, professional sports, boutique clothing stores, and other things that make city vibrant and exciting.
I suppose the lack of private wealth could be partially made up for by our public kingpins. It would be interesting to see comparison between these CEOs and the chiefs of our crown corporations: MB Hydro, MPI, WRHA, etc... I suppose, if I were to get off my ass and look, that data is probably out there somewhere.