Investment Bank Heads Get Bigger Raises Than Bank CEOs

Bloomberg, Sean B. Pasternak and Doug Alexander, 8 March 2007Canada's top investment bankers, including Charles Winograd at RBC Capital Markets and Brian Shaw of CIBC World Markets, had their average pay increased by more than a third last year after mergers soared to a record.The heads of five of the six biggest securities firms were paid an average C$7.65 million ($6.48 million), up from C$5.67