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Royal Bank of Canada Message Board

  • bankrr2002 bankrr2002 Jan 27, 2004 2:17 PM Flag


    Over the last 3 years RY has fallen from best in class of the Big 5 Canadian to one of the poorest in terms of stock maket price performance.

    RY shareholders have watched RY's Board Of Directors approve huge salaries, bonuses and stock options for RY's CEO,CFO and other senior executives over the last 3 years.

    During this 3 year period RY shareholders have received a 6.8% return on RY's stock which is much less than the increases given to the RY CEO,CFO and other senior RY executives.For example RY's CEO received a $1.8 million, 200% of salary bonus for a lackluster 2002 year in terms of stock market price increase.

    As a shareholder I want to know when executive compensation is going to be tied to the performance of RY's stock ?

    The following is a listiing of the best to worst 3 year stock price performers(from January 24,2001 to January 19th,2004) :

    1. BNS up $23.85 or 18.3% per annum
    2. CIBC up $18.17 or 12.2% per annum
    3. BMO up $16.75 or 13.6% per annum
    4. RY up $10.43 or 6.6% per annum
    5. TD up $.65 or .5% per annum

    When is RY executive compensation going to be tied to the same rates of return received by RY shareholders ?

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    • But, what will next next 3 be. Overall shares outstanding is stable. But as for stock options. It is the worst fraud on the american and Canadian public. It is way for lazy CEOs to make millions at expense of the shareholders. Stocks that give out options can even be in index funds.
      Which is disgusting. You can have the market cap of the company go up, and the value of the shareholders go down. All given away to crappy management.

    • bankrr2002,

      find a job or hobby. There is much more to life than reposting the same complaints on a weekly basis. I am sure there are some local charities that would benefit from your expert knowledge.

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