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

The Loaded List
It’s not particularly polite to ask rich people what they earn. But tact is overrated, and we wanted to know, so we asked anyway. When they told us to get lost, we got sneaky. We dug up disclosure documents, annual reports and the tax filings of charitable organizations. When those trails went dry, we surveyed industry insiders who know what other people make—headhunters and consultants and analysts and colleagues—and asked for an educated guess. After hundreds of calls and emails and deep-throat meetings in dark alleys, we phoned the high earners back and told them what we found. Again, with feeling, they told us to piss off.

What follows is our shamelessly gawking, as-precise-as-possible examination of the highest-paid people in the city’s top industries. When the information was available, we included bonuses and perks and, in some cases, exercised stock options. Our findings verified that a high earner in finance is almost always on a different plane (a private jet, usually) than a high earner in, for example, the lowly arts. One major discovery: Heather Reisman took a pay cut. One truth reconfirmed: no matter how rich you are, there’s always someone who makes a helluva lot more.

CLICK HERE TO START THE STORY »

VIEW BY INDUSTRY » GOLD ARTS AND ENTERTAINMENT FUND MANAGERS SPORTS SHOP OWNERS MEDIA LANDLORDS BAY STREET PUBLIC SERVANTS

VIEW BY SALARY » SEE 69 OF THE RICHEST PEOPLE IN THE CITY’S TOP INDUSTRIES, SORTED BY SALARY FROM HIGHEST TO LOWEST

  • BG011

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

  • lily

    The people earn these salaries by actually working and not sitting around occupying open spaces and complaining.

  • Alice

    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.”)

  • Pedro

    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!

  • kate

    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.

  • 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?

  • KTO11

    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.

  • Nicole

    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…

  • Nicole

    Ok, sorry, I see I can sort by salary. I have copied and will paste the relevant part. Thanks for doing this.

  • Aviva

    Last time I checked, David Miller wasn’t at the City of Toronto anymore..

  • FrancisXL

    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…

  • Andrea Berry

    … 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????

  • Alex

    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.

  • seraph

    @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.

  • Ignatz

    If $90k is loaded, I’m afraid. Maybe in Moosonee or 1982 or something. Not Toronto in 2011.

  • kcan

    wow, everyone has 24 hrs the last time I checked… how do they get paid so much?

    no wonder, things go up in the city, food prices, restaurant, etc, it’s only a few who can enjoy those, by what right, I wonder

    well, I am done with my rambling… cheers

 

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