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Mon, 07 Jan 2013 10:30:00 GMT | By Jason Buckland, MSN Money
Canada's highest-paid CEOs

1. Frank Stronach, (former) CEO, Magna International: $41 million

Austrian businessmen and billionaire Frank Stronach on Sept. 27, 2012. (© Leonhard Foeger/Reuters)
  • Brad Shaw, CEO of Shaw Communications, on Jan. 12, 2012. (© Jeff McIntosh/The Canadian Press)
  • Bob Quartermain on Jan. 23, 2004. (© John Lehmann/Globe and Mail)
  • Valeant Chief Executive Michael Pearson on May 30, 2012 in Laval, Que. (© Ryan Remiorz/The Canadian Press)
  • Austrian businessmen and billionaire Frank Stronach on Sept. 27, 2012. (© Leonhard Foeger/Reuters)
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1. Frank Stronach, (former) CEO, Magna International

2011 compensation: $41 million

Frank Stronach is royalty when it comes to Canadian business, having moved to Canada as a working-class Austrian immigrant only to lead auto parts maker Magna International into becoming one of the nation's largest companies. Stronach actually stepped down as Magna CEO in 2010 (he shared the position with Donald Walker for the previous five years) but continues to receive the most generous payout in the country. As he was the year before, Stronach is by far the best-paid executive in Canada, earning $41 million in 2011 on top of the $62 million he took home a year earlier. More than $38 million of the 2011 payout was in the form of a bonus for Stronach, who has since stepped down from Magna’s board in order to run for political office in his native Austria.

* Bing: Why Stronach is running for office

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