Canadian banking executives were among the highest-paid in North America last year, with three in the top 10 according to a new survey.
The Royal Bank’s Gordon Nixon is in fourth spot with a total pay package of $13.1 million says the Bloomberg Markets magazine survey.
Next are Bank of Nova Scotia’s Richard Waugh in seventh place earning $11.5 million and TD Bank’s Ed Clark in eighth place with $11.2 million.
The OECD has already expressed concern that the income gap between rich and poor is growing in Canada and other developed countries.
And Canadians are already disheartened by news of improper spending by senators in Parliament and a massive corruption scandal involving millions of dollars in kickbacks paid on public contracts in Montreal.
The ordinary citizen could be forgiven for feeling like a poor sucker.
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