Bank of Montreal CEO’s pay swells to $11-million despite missed goals
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Bank of Montreal chief executive officer Darryl White saw his pay rise in the most recent fiscal year on the strength of a higher annual bonus and more pension-related compensation even as the bank missed some of its key financial targets.
Mr. White’s total compensation rose to just less than $11.1-million from $10.85-million in the previous fiscal year, the bank reported in its annual proxy statement to shareholders. The gains from his bonus and pension compensation were offset by smaller stock and option awards – $5.87-million in the most recent year compared with $6.11-million in the year before.