TD Bank: American takes over
Have America's capitalistocratic elites found a new way to take over our national institutions that cannot easily be taken over outright by U.S. Big Business interests that serve a military-industrial complex, and seek to control and assimilate Canada into the American Empire?
How much longer will Canadians sit idle as Americans (and other foreign elites) take over greater, and greater portions of Canada's political economy. This trends is leaving Canadians with a diminishing sovereignty to control the day-to-day decision-making of our own country as a constitutional democracy.
Shall we be "masters of our own house" or second and third class serfs to elites who seek to exploit and destroy Canada in their pursuit of insatiable commercial profits and oppressive power?
Toronto-Dominion Bank has named Bharat Masrani, head of the U.S. retail operation, as its next chief executive, taking over from Ed Clark when he steps down on Nov 1, 2014.
Who's next?
News of Ed Clark’s coming departure as TD chief has people wondering what bank CEO will be next to leave. A quick look at the others:
RBC’s Gord Nixon
CEO since August 2001
2012 salary: $12.6-million
Began career as an investment banker at Dominion Securities, which was later acquired by RBC in 1987.
Scotiabank’s Richard Waugh
CEO since late 2003
2012 salary: $11.1-million
Started career at the bank in 1970 as an employee at a Winnipeg branch.
BMO’s Bill Downe
CEO since March 2007
2012 salary: $9.22-million
Got his start at the bank in 1983 and worked in several roles over the years, including deputy chairman at BMO Financial Group and CEO of BMO Nesbitt Burns and as COO at BMO.
National Bank’s Louis Vachon
CEO since June 2007
2012 salary: $7.15-million
Entered the financial services industry in 1985 at Citibank and worked for Bankers Trust throughout the first half of the 1990s. Vachon held the COO position at National Bank just prior to taking over the top spot.
CIBC’s Gerald T. McCaughey
CEO since August 2005
2012 salary: $9.24-million
Started career as accountant at Merrill Lynch in 1981, progressing through the ranks of the bank’s Canadian unit, part of which was later bought by CIBC. McCaughey was chairman and CEO of CIBC World Markets just prior to becoming CEO.
Read more..
Comments
There are 0 comments on this post






