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

8. Gerald Schwartz, CEO, Onex Corp.: $14.1 million

Onex chairman of the board, president, and chief executive officer Gerald Schwartz on May 6, 2010. (© Mark Blinch/Reuters)
  • Peter Marrone, CEO, Yamana Gold; Frank Stronach, (former) CEO, Magna International; Gerald Schwartz, CEO, Onex Corp. (© Luke MacGregor/Reuters; Leonhard Foeger/Reuters; Mark Blinch/Reuters)
  • Yamana Gold Inc's chairman and chief executive Peter Marrone on May 4, 2011. (© Luke MacGregor/Reuters)
  • Former Ivanhoe Mines chairman and CEO Robert Friedland on Feb. 8, 2012. (© Mike Hutchings/Reuters)
  • Onex chairman of the board, president, and chief executive officer Gerald Schwartz on May 6, 2010. (© Mark Blinch/Reuters)
  • Chief executive officer for Magna International Inc. Donald Walker on May 10, 2012. (© Fred Thornhill/Reuters)
  • Rick George, president and CEO of Suncor Energy, on March 25, 2011. (© Mike Sturk/Reuters)
  • Ned Goodman of Dundee Corp in Toronto, Ont., on June 1, 2005. (© Kevin Van Paassen/The Globe and Mail)
  • Brad Shaw, CEO of Shaw Communications, on Jan. 12, 2012. (© Jeff McIntosh/The Canadian Press)
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8. Gerald Schwartz, CEO, Onex Corp.

2011 compensation: $14.1 million

The board at Onex Corp., one of Canada's foremost private equity firms, must have liked what Gerald Schwartz got done in 2011. That year, during which Onex's stock price rose nearly $4 per share, Schwartz was paid a modest $1.29 million salary, but was festooned with one of the largest bonuses in the country. Schwartz received an extra $12.85 million, more on its own than the entire annual compensation of the two previous CEOs to appear on this list.

* Video: Are top CEOs more innovative than the rest of us?

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