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The Loaded List: we catalogue the astronomical salaries of Toronto’s ruling class

VIEW BY SALARY

$61,809,737 Frank Stronach Magna International

$34,590,902 Sheldon Inwentash Pinetree Capital

$27,037,800 Eric Sprott Sprott Asset Management

$20,977,189 Belinda Stronach Magna International

$14,361,828 Bill Wells Valeant Pharmaceuticals International

$11,851,885 Gord Nixon Royal Bank of Canada

$11,426,795 Ed Clark Toronto-Dominion Bank

$10,658,333 Richard Waugh Bank of Nova Scotia

$10,000,000 Russell Peters Comedian

$9,927,227 Peter Marrone Yamana Gold

$9,913,000 Gerry McCaughey CIBC

$9,780,000 JosÉ CalderÓn Toronto Raptors

$9,592,240 Aaron Regent Barrick Gold

$9,542,600 William Downe Bank of Montreal

$9,301,170 Tye Burt Kinross Gold

$9,291,346 Donald Guloien Manulife Financial

$8,580,492 Nadir Mohamed Rogers Communications

$8,265,495 Donald Stewart Sun Life Financial

$8,229,040 Gerry Schwartz Onex

$8,225,600 Jose Bautista Toronto Blue Jays

$8,028,632 Allan Leighton George Weston Ltd.

$7,047,824 Michael McCain Maple Leaf Foods

$6,959,544 Stephen Wetmore Canadian Tire

$6,683,300 Dion Phaneuf Toronto Maple Leafs

$6,282,192 Miles Nadal MDC Partners

$5,231,534 Edward Sonshine Riocan Real Estate Investment Trust

$5,217,949 Jim Balsillie Research In Motion

$5,217,949 Mike Lazaridis Research In Motion

$4,501,087 Ellis Jacob Cineplex

$4,000,000 Bryan Colangelo Toronto Raptors

$3,922,340 Jim Leech Ontario Teachers’ Pension Plan

$3,810,630 Drake Musician

$3,275,807 JÜrgen Schreiber Shoppers Drug Mart

$3,253,035 Michael Nobrega OMERS

$3,000,000 Brian Burke Toronto Maple Leafs

$2,533,000 Bill Holland CI Financial

$2,006,959 Edward Rogers Rogers Communications

$1,964,629 Julian de Guzman Toronto FC

$1,147,315 Brent Chapman IAM Corp.

$1,030,804 John Cruickshank Torstar

$831,432 Robert Bell University Health Network

$809,828 Robert Prichard Board Director

$800,000 Phillip Crawley Globe and Mail

$772,126 Mike Harris Magna International

$716,316 Dene Rogers Sears Canada

$698,720 William Moriarty University of Toronto

$673,574 Melinda Rogers Rogers Communications

$644,057 Prem Watsa Fairfax Financial Holdings

$600,000 David Thomson Thomson Reuters

$499,187 David Peterson Board Director

$466,595 Bruce McCuaig Metrolinx (and Ministry of Transportation)

$416,866 Maureen Sabia Canadian Tire

$400,000 Heather Reisman Indigo Books and Music

$350,122 David Miller City of Toronto

$328,977 Bill Blair Toronto Police Service

$327,952 Joe Pennachetti City Hall

$312,862 Matthew Teitelbaum Art Gallery of Ontario

$289,956 Chris Spence Toronto District School Board

$260,000 Janet Carding Royal Ontario Museum

$250,000 Christie Blatchford National Post

$250,000 Piers Handling TIFF

$250,000 Albert Schultz Soulpepper

$233,247 Jim Flaherty Federal Government

$204,167 Robert DeLuce Porter Aviation Holdings

$180,883 Gary Wright City of Toronto

$167,770 Rob Ford City of Toronto

$138,289 Hazel McCallion City of Mississauga

$99,619 Doug Ford City of Toronto

$90,000 Michael Ondaatje Writer

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15 Comments

Comment on this post

  1. THAT”S IT! I’M NOT GOING TO WORK ANYMORE… I’M OCCUPYING TORONTO GOSH DARNIT!!!

    November 10, 2011 at 7:17 am | by BG011
  2. The people earn these salaries by actually working and not sitting around occupying open spaces and complaining.

    November 10, 2011 at 1:16 pm | by lily
  3. Many of us work hard and few of us earn these kinds of salaries. Refer to Plato’s 5:1 ratio, which says the highest salary/wealth of a citizen should be no more than five times that of the lowest salary/wealth of a citizen. And consider how much social good the top of these top-earners are invested in as compared with people working in the public sector providing services to the whole community.

    (In book 5 (744d-745a), Plato introduces the principle that in order to avert the possibility of civil strife between rich and poor, which would be otherwise unavoidable, all citizens of the society must be guaranteed a basic minimum of property, and no one ought to be allowed to accumulate total property exceeding five times the original allotment. If someone does accumulate more—”by finding something or being given something, or by money-making, or some other such stroke of luck—let him dedicate the surplus to the city.”)

    November 10, 2011 at 7:32 pm | by Alice
  4. What is more surprising is how low some of the salaries are. For example, Deluce @ Porter Airline only making 200k. Wow, I hope he is getting free beer and wine with that!

    November 11, 2011 at 12:25 am | by Pedro
  5. If you are planning to include people with salaries are 90,000 or even 150,000 in your list i am not sure if you should title it astronomical salaries and twitt as the Toronto’s 1%. Hardly a person who earns that and might have a family of 4 is a top 1% and there are many people, doctors, architects plumbers trades man who make that or more than that. I think you need to adjust your title or put really high salaries there.

    November 11, 2011 at 9:35 am | by kate
  6. If you make over $100,000. a year you better be helping other people. Spread the wealth people. Hey Russell can you buy me a house?

    November 11, 2011 at 9:38 am | by Linda
  7. An interesting list, but how about for argument’s sake you tell us the salary required to qualify as part of the world’s top 1%? I suspect most of us are on that list. Occupy some perspective.

    November 11, 2011 at 11:34 am | by KTO11
  8. This list would have been far more useful displayed on two or three pages at the most, from top earner to bottom earner – why include people making in the 10s of thousands with people earning in the tens of millions? It should have had some reasonable cut-off – say $500,000 per year at least. Now to use this I would have to do a lot of cut and paste…

    November 11, 2011 at 12:00 pm | by Nicole
  9. Ok, sorry, I see I can sort by salary. I have copied and will paste the relevant part. Thanks for doing this.

    November 11, 2011 at 12:02 pm | by Nicole
  10. Last time I checked, David Miller wasn’t at the City of Toronto anymore..

    November 16, 2011 at 3:58 pm | by Aviva
  11. I remember a time when the list would inlcude jobs that were not the highest paying salaries but were interesting…

    Blue Jays Bat/Ball Boy 25K
    Zamboni Driver @ MLG 50K
    Barista @ starbucks 30K
    etc…

    Everyone knows the stronach’s, schwartz’… make the list a bit more interesting…

    November 17, 2011 at 3:01 pm | by FrancisXL
  12. … and why exactly are they the “ruling” class? They’re wealthy, yes, but aren’t they simply wealthy citizens? Who exactly are they “ruling” over????

    November 21, 2011 at 1:54 pm | by Andrea Berry
  13. Wow, people who worked hard for a living, and it paid off. Better start making fun of them right! Gimme, gimme, gimme! Why them and not me? Because they worked harder, and they are smarter, that’s why. Shit happens. Get over it. Also they do more for charity and those in need in a day than sanctimonious complainers do in their entire lifetimes. The world doesn’t owe you anything, take that lesson and run with it.

    December 3, 2011 at 2:01 pm | by Alex
  14. @Linda”If you make over $100,000. a year you better be helping other people. Spread the wealth people. Hey Russell can you buy me a house?”

    Are you kidding??? After lopping about half of that to taxes, paying $1200/month to daycare, mortgage, utilities, car, other basic expenses, like food. There’s barely anything left over for a night at the movies. Get a grip on reality. 100k means nothing these days.

    December 4, 2011 at 1:19 pm | by seraph
  15. If $90k is loaded, I’m afraid. Maybe in Moosonee or 1982 or something. Not Toronto in 2011.

    December 9, 2011 at 3:35 pm | by Ignatz

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