TD slashes pay for 41 execs, expedites Chun’s start date
- TD has moved up Raymond Chun's start date as CEO to February 1, hastening Bharat Masrani's departure from the role, who will remain as an advisor until July 31.
- TD's executive compensation cuts totaled C$30 million, with Masrani's pay slashed by 89% due to U.S. Anti-money laundering failures.
- Five longstanding directors, including Alan Macgibbon, will leave the board following TD's annual shareholder meeting on April 10.
- The bank is conducting a strategic review and has appointed new committee chairs to oversee remediation efforts after facing $3.09 billion in fines.
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Total News Sources0
Leaning Left8Leaning Right3Center2Last UpdatedBias Distribution62% Left
Bias Distribution
- 62% of the sources lean Left
62% Left
L 62%
15%
R 23%
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