In fairness, Mr. Schachter , nowhere in your article do you disclose Mr. Clifford's book speaks to his concerns with respect to American CEO compensation. While I would be the last to infer Canadian companies are lily-white, I do believe there is more attention paid to corporate governance and CEO remuneration in Canada. I suspect research would reveal most publicly-traded Canadian companies have separated the positions of CEO and Board Chair, or at least significantly more than American companies. Consider the case of a Canadian company with group assets aggregating in excess of 1 trillion $. What would it take to effectively and properly compensate the CEO? There is such a Canadian company whose CEO's compensation, long and short term, aggregates slightly in excess of 7 figures, inclusive of long-term, deferred compensation.  I make this statement not to cherry pick but to illustrate my point: you are painting a picture of Canadian CEO compensation with a very broad brush.