•   
  •   
  •   

Money Canada's bank CEOs earn $53.6 million in 2017

16:02  14 march  2018
16:02  14 march  2018 Source:   msn.com

TD hikes dividend on 15% profit rise, beating expectations

  TD hikes dividend on 15% profit rise, beating expectations TD Bank's adjusted earnings came in ahead of analyst estimates Thursday, rising 15 per cent from the year-earlier period after excluding the impact of U.S. tax reform and other items. define("homepageFinanceIndices", ["c.deferred"], function () { var quotesInArticleFormCode = "PRMQAP"; var config = {}; config.indexdetailsurl = "/en-ca/money/indexdetails"; config.stockdetailsurl = "/en-ca/money/stockdetails"; config.funddetailsurl = "/en-ca/money/funddetails"; config.etfdetailsurl = "/en-ca/money/etfdetails"; config.recentquotesurl = "/en-ca/money/getrecentquotes"; config.

The chief executives of Canada ' s five biggest banks collectively earned roughly $ 53 . 6 million in the latest fiscal year, up more than seven per cent from a year earlier.

The chief executives of Canada ’ s five biggest banks collectively earned roughly $ 53 . 6 million in the latest fiscal year, up more than seven per cent from a year earlier. 31, 2017 . Here is how much the CEOs get paid – if you were keen to know! Dave McKay (RBC): .43M.

TORONTO - The chief executives of Canada's five biggest banks collectively earned roughly $53.6 million in the latest fiscal year, up more than seven per cent from a year earlier.

Popular Searches

S&P/TSX Composite

0000

The 5 Best Things To Buy With That Crisp New Viola Desmond $10 Bill

  The 5 Best Things To Buy With That Crisp New Viola Desmond $10 Bill In celebration of Canada’s newest banknote, here’s how I’d spend my Desmond dollars.

31, 2017 . Still, Royal Bank of Canada ' s chief executive Dave McKay was paid the most among his peers with .43 million in total direct compensation, up 7.9 per cent During that time, these banks collectively earned .3 billion in net income for fiscal 2017 , up nearly 13 per cent from a year earlier.

Canadian National Railway Co.' s former chief executive received $ 12 . 3 million in compensation Hydro One’ s ex - CEO was ‘middle of the range,’ analyst says. Papa John' s chairman Schnatter steps Here’ s how much Canada ’ s top bank CEOs made in 2017 . CN Rail beginning to recover from weak.

15,699.07
+51.93
+0.33%
S&P/TSX Venture Composite

ISPVX

831.01
+1.96
+0.24%
S&P TSX 60

TSP60

930.67
+4.02
+0.43%
S&P/TSX Completion

TX40

973.31
+0.30
+0.03%

But it was a particularly good year for Toronto-Dominion Bank's chief executive Bharat Masrani, who got a more than 20 per cent increase in total direct compensation to pull in $10.85 million in the twelve months ended Oct. 31, 2017.

Still, Royal Bank of Canada's chief executive Dave McKay was paid the most among his peers with $12.43 million in total direct compensation, up 7.9 per cent from a year earlier, according to the banks' latest proxy circulars.

The rise in total direct compensation — which includes base salary and performance-based incentives — in part reflects the increasing demands for chief executives in the banking industry, said Bill Vlaad, president of financial services recruitment firm Vlaad and Co., which also monitors compensation trends.

Tax evasion 'educator' sentenced to 4½ years in jail for tax evasion

  Tax evasion 'educator' sentenced to 4½ years in jail for tax evasion Tax evasion 'educator' sentenced to 4½ years in jail for tax evasion Debbie Arlene Anderson of Chilliwack, B.C. also faces fines totalling $35,026.71, after evading $22,689.90 in federal income tax between 2005 and 2007.

The bank plans to expand into Canada . THE CANADIAN PRESS/HO-Silicon Valley Bank MANDATORY CREDIT. Canada ' s bank CEOs get 7 per cent pay raise to earn $ 53 . 6 million in fiscal 2017 . MOST WATCHED. LIVE1: Tracking Hurricane Florence. Air Date: January 23, 2017 .

The amount of your Canada Pension Plan (CPP) retirement pension is based on how much you have You can also request the child-rearing provision which may increase your retirement pension amount if you had zero or low earnings because you were the primary caregiver raising your children.

Financial institutions are now in the midst of a rapid technological shift, he said, as consumers increasingly do transactions online and via mobile phone.

"The speed and velocity of change at these firms has been increasing, and to stay on the leading edge has required a lot more stealth by these CEOs," said Vlaad. "I think it's been a good time to be a CEO, but it is not for a lack of effort."

a man wearing a suit and tie© Provided by thecanadianpress.com

The Bank of Nova Scotia's Brian Porter was second-highest paid at $10.86 million in total direct compensation, marking a 7.4 per cent increase from fiscal 2016.

Bank of Montreal's Bill Downe, who retired from the top role on Oct. 31, was paid $10.5 million in total direct compensation, down roughly one per cent from a year earlier.

Canadian Imperial Bank of Commerce's chief executive Victor Dodig received $8.94 million in total direct compensation in 2017, up 1.71 per cent.

The amount of money The Rock gets paid for a single movie is unheard of in today's movie business

  The amount of money The Rock gets paid for a single movie is unheard of in today's movie business Dwayne Johnson commands a payday that Hollywood hasn't seen in a long time. For the upcoming movie, "Red Notice," Johnson is asking $22 million plus box-office profits.With a string of box-office hits under his belt, Dwayne "The Rock" Johnson is one of the biggest action stars working today — and it turns out he's commanding a paycheck that's on a level Hollywood hasn't seen in years.

Some bankers , however, are still able to make a killing in the industry, and bank CEOs can still earn as much as £20 million (.2 million ) a year in salaries, bonuses All 20 of the best-paid CEOs are men, while 19 are white men, with Credit Suisse boss Tidjane Thiam the only black member on the list.

Co-op Bank says in its annual report that it paid Mr Muriuki a total of Sh370 million in the year ended December 2017 . The pay is equivalent to more than Sh1 million per day. Mr Muriuki’ s 2017 pay was also more than five times the Sh60.4 million that Equity Bank ’ s #ticker:EQTY James Mwangi earned .

These pay increases came during a fiscal year where each of the five biggest Canadian lenders reported record annual profits. During that time, these banks collectively earned $40.3 billion in net income for fiscal 2017, up nearly 13 per cent from a year earlier.

The banks had benefited from the surprising strength of the Canadian economy, even amid worries about overheated housing markets and the fallout from government steps to cool them down.

While these chief executives received a 7.17 increase in collective direct compensation for the fiscal year, they received even more when taking into account other elements such as pension value.

Collectively, these five executives earned total compensation for fiscal 2017 of $58.6 million, marking an 8.2 per cent bump from fiscal 2016.

McKay received the highest total pay at $13.36 million, followed by Porter at $12.84 million. Masrani's compensation package was third-highest at $12.44 million, while Downe and Dodig received total pay of $10.53 million and $9.44 million, respectively.

CN Rail's ex-CEO earned $12.3 million in 2017 .
CN Rail's ex-CEO earned $12.3 million in 20170000

—   Share news in the SOC. Networks
This is interesting!