Throwback Thursday: Ten years ago we reported on the giant salaries that CEOs were paid

Throwback Thursday is a regular weekly feature in which we dip into the archives of the Hardlines Weekly Report.

Two weeks ago, we reported that Greg Hicks, CEO of Canadian Tire Corp., received no bonus in 2023 and his total compensation fell to $6.04 million.

That is a paltry sum compared to the earnings of the top bosses in our industry 10 years ago. We ran such a list in the Hardlines Weekly Report of April 21, 2014. “Nolan Archibald, former executive chairman of Stanley Black & Decker, topped the list in 2013. He made $52.5 million before stepping down in March of last year. He was well ahead of the boss at Lowe’s Cos., Robert Niblock (pictured). His total pay increased last year (2013) by more than 50 percent to $18.7 million, from $12.1 million in 2012. By comparison, RONA CEO Robert Sawyer made $6.6 million in 2013—for nine months of work (he started in April).”