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| Royal Bank of Canada's previous logo (the crown was removed). (Photo credit: Wikipedia) |
In 2007,
according to McLean's Magazine, the CEO of the
Royal Bank
of Canada took home over
$44,000,000.00
But this
year, (although his salary has increased since
'07),
the CEO was
not a happy camper.
There was
still some loose change out there.
So he and
his henchpersons found a loophole in Canadian
law that
allowed them to fire a bunch
of Canadian bank workers
and replace
them with foreign workers who would work for peanuts.
But one of
the Canadian workers blabbed to the CBC and soon
the news of
corporate greed was spread across the land.
As outraged
as most other Canadians I phoned the bank.
"Other
banks do it too," said the Service rep.
Right.
I suppose
he thought I'd go away happy when I heard that.
Instead I
began the long process of disengaging from the
Royal Bank.
I joined a
Credit Union.
It has
taken quite a bit of my time because I bank online
and have my
bills withdrawn electronically.
And the
dust won't settle on the whole process for a few months
I'm sure,
but the hardest part is over.
Losing my two
tiny little bank accounts isn't going to bring RBC
to its
knees.
But I'm
standing taller today.
