So it looks like Bank of Montreal compensates William White in line with the median for the industry.
Remuneration for William White is close enough to the median pay for a CEO of a large company . Read our Please log in to listen to this story.
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BMO’s top five executives received more than $18-million in cash, shares and options from the payout.Then again, if you have a long memory, it might not surprise you. THE TORONTO-DOMINION BANK Notice of Annual Meeting of Common and provides information on executive compensation and corporate governance at the BMO Financial Group. The chart also compares compensation paid to the Chief Executive Compensation BMO Despite missing three of four targets, BMO raises CEO’s pay – again.
Indeed, if you look at the proxy circular sent to shareholders in advance of Tuesday’s annual meeting, you’ll see the bank missed every single financial goal it set for its executives.It may surprise you, then to learn that the bank’s leaders emerged from 2019 with nearly all their incentive pay intact. So shareholders would probably think the company shouldn’t be too generous with CEO compensation. Mr. Downe has retired, but new CEO Daryl White is able to benefit from the continued skewed view of incentive pay at BMO.Let’s look at the scorecard: BMO set a goal of 6.7-per-cent revenue growth, but logged 5.9 per cent.
Bank of Montreal sets aside a smaller share of compensation for salary, in comparison to the overall industry. I calculate the “annual incentive” cash payout for the top five BMO executives that was tied directly to this BPF at about $4.5-million, with the rest of the $18-million or so paid in options and share awards.“BMO has a history of setting challenging financial targets and aligning compensation to those targets,” spokesman Paul Gammal said in an e-mail.
Despite missing three of four targets, BMO raises CEO’s pay – again. This is a space where subscribers can engage with each other and Globe staff. This translation has been automatically generated and has not been verified for accuracy. Mr. Downe has retired, but new CEO Daryl White is able to benefit from the continued skewed view of incentive pay at BMO. Few shareholders would be pleased to read that EPS have declined. It came in at 61.4 per cent. If you would like to write a letter to the editor, please forward it to Welcome to The Globe and Mail’s comment community. This doesn’t compare well with CEO compensation, which is close to the industry median. BMO set a goal of 6.7-per-cent revenue growth, but logged 5.9 per cent. Its goal for return on equity was 14.4 per cent, but it finished at 13.9 per cent.
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The average miss in 2019 was 6 per cent; hence, a BPF of 94.BMO uses the formula to adjust not only annual cash bonuses for executives, but also the amount of stock options and share awards they receive. Its goal for return on equity was 14.4 per cent, but it finished at 13.9 per cent.
Canadian National Railway Ltd. missed all five of its financial targets in 2019 and paid its top executives zero bonuses – both for corporate performance and individual performance. Shifting gears from CEO pay for a second, we’ve picked out If you want to buy a stock that is better than Bank of Montreal, this )Here we now puzzle over how these results yield nearly full bonuses. “BMO delivered leading peer group performance in 2019 on a number of key financial metrics including earnings per share, revenue growth and operating leverage.”At first, this formula sounds reasonable. In the last year, its revenue is down 8.1%. In 2010, I wrote about how BMO said it had “four key factors [that]form the foundation” for aligning pay to performance, missed goals on three of them, and still gave then CEO Bill Downe a raise.
Learn about the executives at BMO and review their bios and compensation.
William White has been the CEO of Bank of Montreal ( Our data indicates that Bank of Montreal is worth CA$44b, and total annual CEO compensation was reported as CA$11m for the year to October 2019. Its revenue and earnings growth were tops in the industry, but in a lot of important ways – profitability, cost control, share price performance – the bank lagged peers.
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