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

7. Donald Walker, CEO, Magna International: $14.8 million

Chief executive officer for Magna International Inc. Donald Walker on May 10, 2012. (© Fred Thornhill/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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7. Donald Walker, CEO, Magna International

2011 compensation: $14.8 million

Magna International, the Ontario-based auto parts giant, is the only company to have two CEOs, one current and one former, to appear on this list. Indeed, so generous is the company that it richly rewards bosses past and present, beginning here with Donald Walker, who took over as sole CEO in 2010*. Walker's 2011 salary, according to the Canadian Centre for Policy Alternatives, was only $307,106, but add in his bonus ($6.85 million), company shares ($3.43 million) and company options ($3.87 million) for a complete picture of his 2011 compensation package.

* Walker served as Magna co-CEO from 2005-2010.

* Bing: What is the average salary at Magna International?

Image Search for Donald Walker, CEO, Magna International on Bing
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