Royal Bank Q1 Profit Rises

TORONTO -- The Royal Bank has seen the growth of its consumer lending business slow down and that's a good thing, RBC chief executive Gord Nixon said Wednesday. "I think there is no question that cons...

Royal Bank Chief's Frosty Meeting

The head of the Royal Bank of Canada met with B.C. union leaders on Wednesday to discuss the contentious issue of outsourcing and foreign workers. The meeting between the unions and RBC chief executi...

RBC's CEO Isn't the Only Boss With an Obscene Salary

In response to the backlash surrounding RBC this week, and in particular, against RBC CEO Gordon Nixon, let's look at how CEOs are compensated. Last year, RBC posted record earnings of $7.5 Billion and CEO Nixon received a pay hike of $2.5 million with millions in stock and option-based awards, incentives, and bonuses -- for meeting or exceeding expectations set out by the board of directors. I thought that was pretty shocking until I read about other CEOs. What makes these people so valuable and worth so much to a company? Someone tell me please. The bottom line is that this type of financial abuse affects everyone.