Royal Bank of Canada T.RY

Outrageous Amount

[TheBridge]

As reported int the Globe and Mail this morning, Doug Guzman was granted 81,944 options in the Royal Bank and sold them to make a net profit of $5.4 million. What could an individual like him earn for the bank to be paid this outrageous amount? Pay them the necessary salary with benefits and let them buy their own shares on the public market like everyone else. I've held RY shares for over 20 years, I'm the one who should get a 100 options.

[smush74]

have you been reading RY financials and performance especially vs its peers? Guzman has been RBC’s group head of wealth management and insurance since 2015. His total compensation was $7.6 million in 2023, up from $7.5 million in 2022 but down from $8 million in 2021. Per the bank, Guzman’s 2023 performance highlights included: Maintained the largest market share in Canadian mutual funds.

[TheBridge]

smush74, truly appreciate you providing these facts. If we're going to handout options, I would have preferred him to be given the 81,944 options after the share split rather than just prior to it.