Breaking News

Sun Hung Kai's Thomas Kwok Sentenced to 5 Years in Jail

Bank of Nova Scotia Awarded Chief Executive Waugh C$10.6 Million Last Year

Bank of Nova Scotia, Canada’s third- largest bank, awarded Chief Executive Officer Richard Waugh C$10.6 million ($10.6 million) in total compensation last year.

Scotiabank paid Waugh C$1.5 million in salary, C$3.86 million in share awards, C$3.86 million in options and C$1.4 million in annual incentives, the Toronto-based bank said today in a filing to Canadian regulators.

To contact the reporter on this story: Sean B. Pasternak in Toronto at

To contact the editors responsible for this story: David Scanlan at; David Scheer at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.