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Canadian Pacific’s Hunter Harrison was the top-paid CEO in Calgary in 2015, hauling in $19.9 million in total compensation for the year, according to the Herald’s annual survey of the city’s largest publicly traded companies.

The outspoken 71-year-old railroader — who was also Calgary’s top-paid CEO in 2014 — earned a base salary of $2.8 million in fiscal 2015, with most of the remaining $17.1 million coming in the form of stock or option-based awards and annual or long-term incentives. As part of his overall pay package, Harrison also receives a number of other benefits, including a club membership, a housing allowance and personal use of company aircraft. (Harrison’s personal use of company aircraft in 2015 was valued at $1.1 million).

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Canadian Pacific acknowledged in its annual information circular that Harrison’s compensation is much higher than his peers, but said “the return to shareholders during his tenure is equally impressive.” In an email, CP spokesman Martin Cej said Harrison has created more than $14 billion in shareholder value since his arrival at the railroad in 2012, and added CP’s share price outperformed the S&P/TSX Composite index by 120 per cent through the end of 2015.