[Banff]

FUUUUUCK rarararara nawnawanaw knaw grrrrrowllll (sound effects ) of twisted angry person http://www.cbc.ca/money/story/2007/02/0 ... lions.html

Royal Bank CEO made $12.8 million in 2006
Last Updated: Friday, February 9, 2007 | 5:15 PM ET
CBC News
Royal Bank CEO Gord Nixon was handsomely rewarded for steering Canada's biggest bank to its record 2006 profit, a financial filing shows.

Nixon was given almost $13 million in direct compensation and other perks last year, according to the bank's management proxy circular that went out to its shareholders Friday.

His annual salary was just a fraction of that — $1.4 million. Add to that a $5 million "short-term incentive," and deferred shares and stock options worth another $5.5 million, and Nixon's total direct compensation came to $11.9 million.

On top of that, the bank gave him $135,037 for perquisites (including $77,963 for car leases), $41,885 for an employee savings and share ownership program, and $766,000 in annual pension service costs.

The total came to $12,842,922. That's almost 25 per cent more than the $10.3 million Nixon was awarded in 2005.

The management proxy also disclosed that five other senior executives received a total of $26.2 million in compensation.

Royal Bank reported a 2006 profit of $4.7 billion — the largest annual profit reported by any Canadian bank.

[Banff]

Ok this is my thread and for me only so don't post .

Damn we bitch about how disgraceful our military is and well 12.8 billion is something we could use to help reconstruct our military but noooooooo! we gotta have our 12.8 billion for ourselves , geez maybe next year he can make 25.6 billion from teller machine fees ... grovel grovel grunt grunt ...

go away this my thread ...

[Mr_Canada old]

*stabs Canadian Flag into thread's floor* I have invaded.

I agree with you.

[camerontech]

he made 12 million....not 12 billion


Derek Jeter is going to make 24 million for playing baseball this coming season.

[Banff]

camerontech wrote:

he made 12 million....not 12 billion


Derek Jeter is going to make 24 million for playing baseball this coming season.

right me bad I could have sworn it was 12.8 B . Big mistake considering 2 of us read it as billion

[Numure]

Banff wrote:

Ok this is my thread and for me only so don't post .

Damn we bitch about how disgraceful our military is and well 12.8 billion is something we could use to help reconstruct our military but noooooooo! we gotta have our 12.8 billion for ourselves , geez maybe next year he can make 25.6 billion from teller machine fees ... grovel grovel grunt grunt ...

go away this my thread ...

12.8 Million.... Not billion.

And giving high salaries to executives is how corporations keep the best of the best. If it wasnt for high salaries, they would go elsewhere.

[sandorski]

I remember when banks(Canadian) making $1billion) was a major milestone. That Salary seems rather appropriate in this case, almost not enough in comparison to other CEOs, but the question remains: Is Nixon a crook?

[Clogeroo]

Yes hockey players make more than this fellow and even if they do I'm not sure why you care or do you just wished everyone shared their wealth with everyone? If you want that go to Cuba.

[Proculation]

Banks in Canada are a problem. There's not enough competition because of the canadian laws. We pay too much.