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TD’s US CEO sees pay cut but gets $2M award

Summary by bankingdive.com

Vesting of the award to Leo Salom “is subject to meeting [anti-money laundering] remediation conditions and milestones,” the bank's compensation committee wrote.

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Financial Post

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TD reduces pay for top executives amidst anti-money laundering failure

Toronto Dominion Bank reduced its top executives' pay last year, but also approved a conditional award of US$2 million to its U.S. banking head as the lender looks to fix its anti-money laundering (AML) program after being sanctioned last year.

1 month ago·Canada

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bankingdive.com

Center

TD’s US CEO sees pay cut but gets $2M award

Vesting of the award to Leo Salom “is subject to meeting [anti-money laundering] remediation conditions and milestones,” the bank's compensation committee wrote.

1 month ago

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The Globe & Mail

Center

TD Bank plans to give U.S. head $2-million retention award

In wake of anti-money laundering scandal, lender pays reduced bonuses for multiple executives

1 month ago·Canada

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Bloomberg

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TD Cuts Top US Executive’s Bonus in Wake of Laundering Scandal

Toronto-Dominion Bank slashed last year’s pay for its top US executive, Leo Salom, in the wake of its historic money-laundering scandal but also said it will grant him $2 million in share-based compensation if the firm hits certain targets in 2025.

1 month ago·United States

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stocktitan.net

Inside TORM's New Executive Pay Plan: 1.5M RSUs Worth $4.1M - What's Different?

New long-term incentive grants 1.58M restricted share units to employees and executive director, featuring annual vesting through 2025 at DKK 162.38 exercise price.

1 month ago

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