Meet the CEOs with Canada's biggest pensions
While pension costs account for a modest part of the overall pay package for the average CEO, they soared in 2010 as interest rates fell. Meet the CEOs with the biggest pensions in the country.
No. 1. Jim Shaw in the Shaw corporate head office in Calgary, Alberta, October 22, 2010. The company's accrued obligation for Mr. Shaw's pension is $71,039,000.TODD KOROL
No. 2. Edmund Clark, president and CEO of TD Bank photographed during an interview with The Globe and Mail at the Globe's offices on Front St., Toronto December 15, 2010. Mr. Clark has a pension of $33,940,000.Fernando Morales/The Globe and Mail
No. 3. Richard Waugh, president and CEO of Scotiabank, speaks to the media following the bank's annual meeting in Edmonton, on Tuesday, March 4, 2008. Mr. Waugh has a pension of $26,873,000.Jeff McIntosh
No. 4. Rick George, president and CEO of Suncor Energy, addresses shareholders during the company's annual meeting in Calgary, Tuesday, May 4, 2010. Mr. George has a pension of $22,107,011.Jeff McIntosh/The Canadian Press
No. 5. Randy Eresman, president and CEO of Encana, addresses shareholders at the company's annual general meeting in Calgary, Alberta, April 20, 2011. Mr. Eresman has a pension of $21,708,490.TODD KOROL/Reuters
Potash Corp. CEO Bill DoyleDella Rollins
No. 7. Great-West Life Assurance Company and Great-West Lifeco Inc. president and CEO Allen Loney speaks at the annual meeting of shareholders and policyholders in Winnipeg, Manitoba May 6, 2010. Mr. Loney has a pension of $19,097,086.FRED GREENSLADE/Reuters
Power Corporation of Canada's chairman and Co-CEO arrive at the company's annual meeting in Montreal May 9 2008. Mr. Desmarais, Jr. has a pension of $18,837,000.SHAUN BEST/Reuters
No. 9. Donald A. Stewart, CEO of Sun Life Financial Inc. is seen in Sunlife's Toronto office on March 26, 2010. Mr. Stewart has a pension of $18,646,000.JENNIFER ROBERTS
Enbridge Inc. CEO Patrick DanielJeff McIntosh