OSFI lifts restrictions on dividend increases and share repurchases | Page 3 | General financial discussion | Discussion forum

Doug said

While I can appreciate the desire to provide executive compensation in terms of ratios to assets, it's imperfect and also not correct. There are other management costs to running a bank besides executive compensation costs, notably, compensation paid to all employees of the bank, among others. If the cost of executive compensation alone is 0.05%, that is actually an eye popping, Earth shatteringly expensive relative cost. 0.05% of assets, per year, to fund the cost of the senior most executive team is far too high.

Cheers,
Doug  

In a free society and capitalism, each person is paid what the "market" collectively thinks its worth. The pay is determined not by the employee, but the ones who are paying / funding it.
Is making $10mm a year high ? Maybe but at the same time, 99.99% of the population does not have the skill set or the charisma to be able to do that job.
Its not education but rather experiences and contact/relationships that determines the pay at the very top level.
Of course there are also failed corporations when the executives were paid $$$$ up to the the bankruptcy, Nortel being one of the best examples. Its a result of complete board failure, not just the executives. If anything I will argue the board of directors are a bunch of .... which do not deserves the few hundred thousands a year from attending a few meetings a year. That if anything is a real joke.

I think the "Big 6" banks have increased their next dividend. MFC is paying a special 5 cent dividend on Monday.

Anybody see any other increases?

Norman1 said
Bloomberg: BMO Leads Canadian Banks’ Dividend Bonanza… reported the following dividend increases:

+25% Bank of Montreal
+23% National Bank of Canada
+13% Toronto-Dominion Bank
+11% Bank of Nova Scotia
+11% Royal Bank of Canada
+10% CIBC  

Unfortunately, Trudeau wants to increase taxes on the banks. The price of success in Canada is a higher tax burden.

Well, you won't get far taxing the poor. They would just require more gov't support.
The middle class? We are told they must have more spending money to keep the GDP rolling along.

COIN said
Quote from the late great Jack Layton: "Tax cuts don't benefit people who don't pay taxes." LOL! I guess the converse is also true. "Tax increases don't hurt people who don't pay taxes." Next, just how large is the underground economy?
https://financialpost.com/personal-finance/taxes/trudeau-is-right-40-of-canadians-dont-pay-income-taxes-which-means-someone-else-is-picking-up-the-bill#:~:text=Trudeau%20is%20right%3A%2040%25%20of%20Canadians%20don%E2%80%99t%20pay,and%20even%20the%20good%20old%20Canada%20Revenue%20Agency.  

I would think there is way more tax to be collected from the cash business loophole (we all know there are plenty out there), than the wealthy ones that use legit tax loopholes to avoid tax. I was once told pretty much very restaurant, renovation business has 2 sets of books. In fact "most" if not all small businesses has more than 1 set of books.

Yes it is the hard work middle class who pays their fair share of tax from their employment income that subsidize the rest.