Canadian Bank CEO Salaries

EXECUTIVE PAY IN CANADA

Canadian BanksBy 1:18 pm on January 2, Canada’s top 100 CEOs will have already pocketed $45,448. It takes the average Canadian an entire year of full-time work to earn that.

Why do banks charge so much for service fees, banking plans, interest charges, etc.? A portion of it has to go to the pockets of the bank CEOs. Where does each bank CEO deposit their money?! I wonder…

Below are the five major commercial banks and the national bank of Canada. Their CEO salaries are listed in million dollar.

  • CEO William Downe, Bank of Montreal (BMO)
  • CEO Edmund Clark, Toronto-Dominion Bank (TD)
  • CEO Gordon Nixon, Royal Bank of Canada (RBC)
  • CEO Richard Waugh, Bank Of Nova Scotia (ScotiaBank)
  • CEO Gerald McCaughey, Canadian Imperial Bank of Commerce (CIBC)
  • CEO Louis Vachon, National Bank of Canada (NBC)

Year 2011 for Bank CEO’s

$ = million of dollars ( x 1,000,000)
Company Base Salary Bonus Shares Options Pensions Others Total
BMO 1.026 1.150 5.400 2.300 1.532 0.012 11.420
TD 1.500 1.960 5.210 2.605 0.106 11.381
RBC 1.477 1.750 5.138 1.713 1.050 0.044 11.171
Scotia Bank 1.500 1.400 3.858 3.858 0.001 10.617
CIBC 1.500 5.630 1.920 0.960 0.591 10.601
NBC 0.954 1.800 2.500 2.000 0.994 0.220 8.469

Source: policyalternatives.ca

Tags: , , , , , , , , , , , , , , , , , ,

One Response to Canadian Bank CEO Salaries

  1. Jon Stout Cunningham on 2015/08/11 at 6:45 am

    I worked for an investment firm that was consumed by a bank. I made a lot of money by borrowing money on my own back. The CEO has an easy job, and many to do the grinding work for him. I own 100,000 shares I bought with borrowed money, and the performance has been not good. Getting paid $11 million for an under performing bank is …ridiculous .

Leave a Reply

Feature Story

How Much Do First Nations Chiefs Make Annually across Canada?

Chief Ron Giesbrecht in BC took home almost $1,000,000 INCOME TAX FREE! His band has a population of only 82!!! Chief Jim Boucher in Alberta claimed an annual salary of...

Read more »

Top Financial Stories

How Much Do Tim Hortons Owners Earn Annually?

Tim Hortons store owner pockets each year: $265,558 and more (after tax & interest)!!! In year 2002 for an average Tim Horton's outlet: Gross earning: $1.5Million...

Read more »