Financial Post | Business

Royal Bank of Canada chief Gordon Nixon took home $12.6-million in total direct compensation last year, the highest amount the bank has paid a chief executive.

The paycheque represents a 25% increase over the previous year.

Canada’s largest lender by assets had a good 2012, posting record profit of $7.5-billion, up 17%, with a return on equity of 19.3%.

Shareholders also did well during the 12 months ending Oct 31, with a total return of 22%. However, RBC shares have delivered volatile performance since the financial crisis, only recently surpassing the $62 level they achieved back in early May 2010.

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