That's right folks. You are reading it correctly. An 843% wage increase.
That's exactly what the highest paid corporate executive in Saskatchewan gave himself over an 8 year span. An examination of the Executive Compensation reports from the Potash Corporation of Saskatchewan show that President and Chief Executive Officer, William J. Doyle's compensation package is, in a word, astonishing.
For the 3 year period covering 1999, 2000, and 2001 Mr. Doyle received a grand total of $4,411,556 in executive compensation, or an average of about $1.5 million per year.
For the 3 year period covering 2007, 2008, and 2009 Mr. Doyle received a grand total of $37,174,358 in executive compensation, or an average of about $12.4 million per year.
That's the equivalent of an increase of more than 100% per year, each year, for 8 years.
(click images for larger view)