Bank Ceos

CP

The Week In Review: Overpaid?

This week, Bloomberg Markets magazine released its list of the 20 best-paid bank CEOs in North America and Canada was well represented, with six of our bank heads appearing on the list, three of them in the top ten. Given the stratospheric nature of the compensation -- RBC's Gordon Nixon was paid the equivalent of US$12.6-million in 2012, for example -- it's easy to get outraged. But massive numbers shouldn't be offensive in themselves if the CEOs earning them are actually making comparatively good money for their shareholders. Remember that Tom Cruise makes about US$75-million a year.