Royal Bank CEO earns $12.1M
Increase comes despite bank's lower profits
Last Updated: Monday, February 8, 2010 | 7:39 PM ET
The Canadian Press
Related
Internal Links
Royal Bank of Canada's chief executive was paid 19 per cent more in 2009 than a year earlier, even as the annual profit of Canada's largest bank fell 15 per cent.
RBC's annual disclosure shows CEO Gordon Nixon's base salary was unchanged at $1.4 million, but he received a $9-million bonus consisting entirely of company shares and stock options. No cash bonus was paid.
Royal Bank CEO Gordon Nixon's compensation rose 19 per cent last year, despite a drop in bank profits. (Adrian Wyld/Canadian Press)
That compared with a $7.35-million bonus in 2008, including $2.4 million in cash.
Nixon earned a total of $10.4 million in 2009, including share-based awards, option-based awards and deferred share-based compensation, compared with $8.75 million in 2008.
Nixon also received nearly $1.7 million in pension value and $41,885 in other compensation for 2009, to bring the total value of his compensation package to $12.1 million, compared with $9.6 million in 2008.
The bank saw a profit of $3.9 billion in its 2009 financial year, down from $4.6 billion in 2008. Annual revenue was $29.1 billion, up from $21.6 billion in the previous year.
Share Tools
Top News Headlines
- Greece passes new austerity deal amid rioting
- Greek lawmakers have approved harsh new austerity measures demanded by bailout creditors to save the debt-crippled nation from bankruptcy, after riots in Athens and other cities left stores looted and burned and more than 120 people hurt. more »
- Quebec town 'heartbroken' after killing of woman, sisters
- A small Quebec town is in mourning Sunday after a Quebec man was charged with killing his nieces and his mother, who were found dead in their family home. more »
- Houston autopsy results withheld by police
- Whitney Houston was found in a hotel bathtub but it'll take weeks to determine precisely how she died, a Los Angeles coroner's official says. more »
- Musicians who died before their time
- The growing list of musicians who have died young. more »
Latest Business Headlines
- Air Canada reaches tentative deal with dispatchers
- Air Canada has reached a tentative collective agreement with the Canadian Airline Dispatchers Association, representing the airline's 74 flight dispatchers. more »
- Old Age Security untouched until 2020, Flaherty says
- Finance Minister Jim Flaherty says Canadians should expect no changes to Old Age Security benefits before 2020 or 2025, and details about reform would be outlined over more than one budget. more »
- CAW questions Caterpillar takeover of Electro-Motive
- The head of the Canadian Auto Workers is suggesting Caterpillar Inc. may not have followed foreign takeover rules in its 2010 purchase of the London, Ont., locomotive plant it has since shut down. more »
- Canada's trade surplus doubles in December
- Statistics Canada says exports rose 4.5 per cent in December and imports edged up 0.8 per cent, pushing the country's trade surplus with the rest of the world to $2.7 billion from $1.2 billion in November. more »
Lang & O'Leary Exchange
Markets
| Index | Last Trade | Change |
|---|---|---|
| TSX COMPOSITE | 12389.42 | -108.52 |
| DOW | 12801.23 | -89.23 |
| NASDAQ | 2903.88 | -23.35 |
| SP 500 | 1342.64 | -9.31 |
| NYSE COMPOSITE | 7992.05 | -89.2 |
| AMEX | 2417.98 | -18.65 |
| TSX-VENTURE | 1653.55 | -11.27 |
The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.
Business Features
- Adele wins best album, best record Grammys
- Houston autopsy results withheld by police
- Quebec town 'heartbroken' after killing of woman, sisters
- Northern lights viewed from space
- Greece passes new austerity deal amid rioting
- Manitoba man dies after falling off moving SUV
- Doors blocked in fatal Manitoba trailer blaze
- Pop queen Whitney Houston dies at 48
- Former Stanley Park petting zoo goats feared slaughtered
