Richard E. Waugh

Richard E. Waugh , born in Winnipeg, Manitoba, is a Canadian banking executive. He is currently the President and Chief Executive Officer of Scotiabank.[1] In 2007, he was appointed by government officials to offer views at the summit talks regarding business prospects in Latin America.[2] He holds an MBA and Honorary Doctor of Laws degree from York University's Schulich School of Business. Waugh has advocated publicly for more transparent rules regarding foreign takeovers of Canadian businesses in 2010.[3] Waugh was cited as having had the highest CEO pay rise of 29% in 2009; he earned C$9.7 million in 2009 including salary, bonus, and equity-linked compensation, according to Bloomberg News.[4] He also sits on the boards of many philanthropic organizations. Mr. Waugh resides in Toronto and is married with 3 children.

References

  1. ^ CanWest News Service (July 17, 2007). "Canada offers unique style of leadership in Americas, PM tells Chile". Canada.com. http://www.canada.com/topics/news/politics/story.html?id=3bf0230c-ee24-4437-81d4-2f9b97bfb057&k=68287. Retrieved 2010-01-06. "“I think it’s just great that Canada’s showing some leadership in Latin America,” said Richard Waugh, president and CEO of Toronto-based Scotiabank," 
  2. ^ CanWest News Service (August 20, 2007). "Three Amigos launch summit talks amid protests". Canada.com. http://www.canada.com/ottawacitizen/features/montebello/story.html?id=03919ebf-88c2-438e-81a6-4ad0914e2ad1. Retrieved 2010-01-06. "The Canadian members of the council, each appointed by Ottawa last summer, are ... and Richard Waugh, of Scotiabank." 
  3. ^ News Services (November 6, 2010). "BHP bid shows Canada needs clear rules: Waugh". Nanaimo Daily News. http://www2.canada.com/nanaimodailynews/news/story.html?id=3788405. Retrieved 2010-01-06. "Canada needs clear rules on foreign takeovers after the federal government blocked BHP Billiton Ltd.'s hostile bid for Potash Corp. of Saskatchewan Inc., Bank of Nova Scotia chief executive Richard Waugh said." 
  4. ^ Sean B. Pasternak, Bloomberg (March 5, 2010). "Canadian bank CEO pay rises 10% as TD, Royal top Goldman Sachs". Canada.com. http://www.canada.com/business/Canadian+bank+rises+Royal+Goldman+Sachs/2645006/story.html. Retrieved 2010-01-06. "Bank of Nova Scotia CEO Richard Waugh was awarded the biggest increase, 29 percent, followed by ... Amid the worst financial crisis since the Great Depression, Canadian banks remained profitable last year, largely avoiding debt-related writedowns as stock prices for the eight publicly traded lenders increased. ... Bank of Nova Scotia ... awarded CEO Waugh C$9.7 million in 2009, including salary, bonus and equity-linked compensation." 

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