Last Year, Many CEOs of Canada's Largest Companies Earned Less

question 29

Multiple Choice

Last year, many CEOs of Canada's largest companies earned less than $300,000 base pay, yet their overall compensation was on average more than $10 million. What was the major reason for the huge overall pay?

• A) executive perquisites
• B) stock options
• C) bonuses
• D) benefits

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Definitions:

Stability Strategy

This is a business approach where an organization focuses on maintaining its current status and steady growth without significant changes or expansion attempts.

Terminations

The act of ending the employment of an employee or the conclusion of an employment contract for various reasons, such as performance issues or downsizing.

Human Resource Manager

A professional responsible for overseeing the recruitment, training, and welfare of an organization's employees.

Growth Strategy

A plan implemented by a company to increase its market share and sales revenue.