Mr. Speaker, one of the other things that Canadians find galling about the major chartered banks is the financial compensation of the chief executive officers, when they are closing down bank branches in an era of record profits. I once went to a shareholders' meeting of the Bank of Montreal and the Royal Bank. I moved a motion to limit the salary of the CEO to 20 times that of the average bank teller. From a morale point of view Canadians would really appreciate that.
Would the hon. member comment on the unbelievable salaries of CEOs with the five chartered banks?