While ‘richest CEOs are driving up the prices,’ Singh wants legislation to combat corporate greed
NDP Leader Jagmeet Singh says CEOs now make “243 times more than the average Canadian worker,” so he’s planning to table a plan to rein in the “outrageous” pay.
The legislation, the NDP notes, would also include regulations to prevent tax avoidance and contractor use to avoid paying this penalty, as well as a requirement for large companies to disclose their CEO-worker pay ratio. The NDP says in the last 25 years, CEOs “went from making roughly 100 times the average worker’s pay, to nearly 243 times in 2021.”
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