Bullboard - Stock Discussion Forum Laurentian Bank of Canada T.LB

Alternate Symbol(s): LRCDF | LAUCF | T.LB.PR.H

Laurentian Bank of Canada (the Bank) is a Canada-based provider of financial services to its personal, commercial and institutional customers. The Bank operates in Canada and the United States. Its segments include Personal Banking, Commercial Banking and Capital Markets. The Personal Banking segment caters to the financial needs of retail clients. The Commercial Banking segment caters to the... see more

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Laurentian Bank of Canada > Severance

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Post by carlocarli on Jul 15, 2023 9:54am

Severance

This article, wcha appeared in the July 15 edition of the newspaper "La Presse", details the severance payments to which LB's top executives will be entitled if they lose their job as a result of a sale. Alltoghether, they will collect close to 13 million dollars.
https://www.lapresse.ca/affaires/entreprises/2023-07-15/mise-en-vente-de-la-banque-laurentienne/les-patrons-ne-partiront-pas-les-mains-vides.php .
The article also reminds us that a takeover is not certain. All that is known so far is that the bank has put itself up for sale.

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