Greedy CEOs: How executives became obscenely overpaid and what can be done about it. Only in Maclean's.



    
    Plus: The swine flu outbreak: As the WHO raises its pandemic alert, how
    can Canadians protect themselves?
    

    TORONTO, April 30 /CNW/ - It's a shocking statistic: Top CEOs now make
more in a day than the average Canadian worker makes in a year. And while
regular Canadians saw their average weekly wages and salaries decline between
1998 and 2007, the real pay for the 100 best-paid CEOs in the country exploded
by 145 per cent.
    As the recession drags on and real suffering sets in among working
Canadians, mind-boggling pay packages for CEOs have triggered a palpable rage.
The numbers back up what many Canadians suspect: In 1995, the 10 highest-paid
CEOs in the country collected a total of $60.7 million. By 2007, they raked in
a total of $330.3 million - an increase of 444 per cent.
    Are top executives truly worth that kind of pay? Maclean's senior editor
Duncan Hood investigates how compensation packages got so out of hand, and
looks at some innovative new proposals for putting a lid on CEO pay.

    SWINE FLU: ON THE EDGE OF A PANDEMIC

    Hundreds are sick, dozens are dead, and the World Health Organization is
bracing for the worst: a full-blown pandemic. The culprit? A so-called "swine
flu" - a never-before-seen influenza virus that was born in Mexico and is now
spreading across the globe at a disturbing pace. Canada, like everywhere else,
is not immune.
    As the caseload mounts, a team of Maclean's reporters retraces the early
steps of this nasty new bug. Using exclusive interviews with front-line public
health investigators, Maclean's recounts the race to identify the virus, track
its movements - and explain the outbreak to a panicked public. "(The virus) is
totally new and therefore one that humans don't have natural immunity to,"
says Dr. Frank Plummer, scientific director of Canada's National Microbiology
Lab. "The first thing you ask yourself is: 'Is this the start of a pandemic?'"
    And if so, are we too late to stop it?

    ALSO THIS WEEK IN MACLEAN'S, ON NEWSSTANDS APRIL 30:

    Hard-to-dethrone Harper: His approval rating, like his party's, has slid,
but still, Stephen Harper is here to stay, says Maclean's national editor
Andrew Coyne. But unless he starts learning from his mistakes, the
Conservatives are in trouble.

    About Maclean's:

    Maclean's is Canada's only national weekly current affairs magazine.
Maclean's enlightens, engages and entertains 2.8 million readers with strong
investigative reporting and exclusive stories from leading journalists in the
fields of international affairs, social issues, national politics, business
and culture. Visit www.macleans.ca.





For further information:

For further information: Louise Leger, (416) 764-4125,
louise.leger@rci.rogers.com

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