16°c Light rain
12°c Rain
The Canadian Press - ONLINE EDITION
CIBC CEO Gerry McCaughey earned $9.2M in 2012, down from $10M in 2011
TORONTO - CIBC (TSX:CM) chief executive Gerry McCaughey earned $9.2 million last year, down from $10 million in 2011, as the bank said it met expectations for the year.
According the securities documents filed ahead of the bank's annual meeting, McCaughey earned a base salary of $1.5 million, a $2.9 million cash bonus, $3.8 million in mid-term incentives and $960,000 in stock options.
The pay packet compared with a base salary of $1.5 million, a cash bonus of $3.4 million, $4.1 million in mid-term incentives and $960,000 in options in 2011.
CIBC is scheduled to hold is annual meeting in Ottawa on April 25.
Last month, CIBC reported a first-quarter profit of $798 million or $1.91 per share on $3.18 billion in revenue. That compared with a profit of $832 million or $1.89 per share on $3.16 billion in revenue a year earlier.
On an adjusted basis, however, CIBC's profit beat analyst estimates compiled by Thomson Reuters. Adjusted earnings rose to $868 million or $2.15 per share, seven cents above the consensus estimate.
CIBC shares were up 20 cents at $82.12 on the Toronto Stock Exchange on Monday.
More Business
- Back to Top
- Return to Business
More Business
(1 of 15 articles for today)
2 men arrested in killing of Las Vegas teen who refused to give up his iPad
4:26 PM 0Two men have been arrested in the killing of a teenage boy over an iPad in Las Vegas.
Police announced Sunday ...
Poll
Most Popular Business
- Ex-'Pegger seeks to grow local businesses
- Mounties say crooks passing fake polymer bank notes in British Columbia
- Bridging the gap
- Bangladesh High Court bars garment factory owner from leaving country
- Buyer beware in online auto sales: experts
- Toronto, Wall Street surge higher amid positive U.S. data, consumer sentiment
- The ready-made solution evolution
- Gen X, young boomers up against retirement wall
- Weekend of spending expected
- Bernanke says computer revolution likely to provide various future gains to economic growth
- Transcona transformation
- Mounties say crooks passing fake polymer bank notes in British Columbia
- Holiday pump jump debated
- Driving downtown development
- Winnipeg's got the REIT stuff
- McDonald's adding 3 new Quarter Pounders as it phases out third-pound Angus burgers
- 3 Ford owners sue in federal court, saying EcoBoost engine is defective
- Flight attendants union calls $50 million Air Canada cuts premature
- Emergency manager reveals Detroit is nearly broke; city may have no choice except bankruptcy
- CEO, execs terminated at TCIG
- Target opens its first Manitoba stores Tuesday
- New structure to be king of downtown?
- Transcona transformation
- Target opens Manitoba stores
- Mounties say crooks passing fake polymer bank notes in British Columbia
- Raising the rent is a good sign
- City to get a touch of glass
- Canad Inns property has personal meaning for owner
- Holiday pump jump debated
- Border-fee idea doesn't fly
- Bridging the gap
- Viterra plans $20 million capacity upgrade at four Saskatchewan grain terminals
- Ex-'Pegger seeks to grow local businesses
- Rent to own
- Late deal in workplace sex-harassment case
- A fix for hockey sticks
- Condos made from shipping containers pass hurdle at city hall
- Monsanto wins Supreme Court fight over its genetically engineered soybeans
- Idaho spud giant bets on biotech potatoes 12 years after similar Monsanto push failed
- Transcona transformation
- Transcona transformation
- Winnipeg's got the REIT stuff
- CEO, execs terminated at TCIG
- Diversification spurs Exchange Income's growth
- Driving downtown development
- Late deal in workplace sex-harassment case
- There are lots of I's in 'team'
- Bridging the gap
- Ex-'Pegger seeks to grow local businesses
- Viterra plans $20 million capacity upgrade at four Saskatchewan grain terminals
- Transcona transformation
- New structure to be king of downtown?
- CEO, execs terminated at TCIG
- Target opens its first Manitoba stores Tuesday
- Canad Inns property has personal meaning for owner
- MacDon on the block?
- Winnipeg's got the REIT stuff
- Older and jobless? Resource on hand
- Winnipeg Boeing plant set to expand
- Local boy leads Great-West
Ads by Google
You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.
Have Your Say
New to commenting? Check out our Frequently Asked Questions.
The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.