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Bharat Masrani's compensation package is a topic of interest, especially when it comes to his role as CEO of TD Bank. He received a total compensation of $10.6 million in 2020.
Bharat Masrani's salary is a significant aspect of his overall compensation. According to the article, his base salary is $1.5 million.
His bonus and other forms of compensation contribute to his total compensation. In 2020, his bonus was $4.1 million.
Bharat Masrani Salary
Bharat Masrani's annual compensation is reportedly between 15-22 million USD.
He is the CEO of TD Bank, which is a significant factor in his high salary.
TD Bank is a major financial institution, and as such, its CEO is likely to be well-compensated.
Bharat Masrani's net worth is estimated to be between 55-65 million USD as of 2023.
This is a substantial amount of money, reflecting his successful career in the financial industry.
Key Information
Bharat Masrani's salary is a significant topic of interest. His total compensation is a substantial CA$13.4m.
The CEO salary percentage is quite high at 11.2%. This suggests that a significant portion of the company's budget is allocated to the CEO's compensation.
Bharat Masrani has been the CEO for 10.2 years, which is a notable tenure. This long-term commitment to the company is a positive sign for its stability and direction.
The management average tenure is relatively short at 3 years. This could indicate a high turnover rate among senior staff, which may impact the company's overall performance.
The board average tenure is significantly longer at 9.8 years. This suggests that the board has a stable and experienced presence, which can provide valuable guidance to the company.
Here's a quick summary of the key information:
TD CEO Compensation
Bharat Masrani's total compensation has been consistent with company performance over the past year. He earned a total of $12.6 million in 2019, which was a decline from 2018 when he received a special one-time stock option award of $1.9 million.
In 2018, Masrani's total compensation was valued at $15.3 million, which included a $1.3 million salary, nearly $5.6 million in share-based awards, and a $2-million cash bonus. His pension value was nearly $1.6 million, and he earned $89,000 in other compensation.
TD's other executive officers also saw a decline in their total compensation in 2019. Riaz Ahmed, group head and CFO, made $4 million, down from $4.3 million in 2018. Bob Dorrance, group head, Wholesale Banking, made $7.4 million, down from $8.9 million in 2018.
Bharat Masrani's annual compensation is reportedly 15-22 million USD, as of 2023. His net worth can be estimated to be 55-65 million USD.
Here is a comparison of Bharat Masrani's total compensation and company earnings over the past few years:
Note: The total compensation figures are in CAD, and have been converted to USD for the purpose of this table.
Frequently Asked Questions
Who will succeed Bharat Masrani?
Bharat Masrani will be succeeded by Raymond Chun, who has been named as his successor. Raymond Chun will take over as TD Bank Group President and CEO on April 10, 2025.
Sources
- https://www.td.com/ca/en/about-td/corporate-profile/executive-profiles/masrani
- https://www.bankingdive.com/news/td-masrani-741K-pay-cut-canada-bank-ceo-first-horizon-aml-moynihan-scharf-rbc-mckay-cibc-bmo-scotia/710182/
- https://simplywall.st/stocks/ca/banks/tsx-td.pfd/toronto-dominion-bank-shares/management
- https://www.advisor.ca/industry-news/industry/td-chief-executives-total-compensation-declined-in-2019/
- https://listofceo.com/banking/td-bank-ceo-email-net-worth-bharat-masrani/
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