RBC Countersues Ex-Treasury Executive Over CFO Firing Claims
RBC Countersues Ex-Treasury Executive
RBC has initiated a countersuit against Ken Mason, a former treasury executive whose connections to dismissed CFO Nadine Ahn have stirred controversy. Mason claims his advancement to vice president was solely based on merit, while also asserting a friendly work relationship with Ahn.
Significant Pay Increase
Between the time Ahn took on the CFO role and the conclusion of fiscal 2023, Mason's remuneration soared by 70%. This dramatic increase coincides with the onset of the controversy surrounding Ahn's departure, prompting the bank to question the validity of Mason’s assertions.
Legal Implications
- RBC's countersuit aims to clarify the circumstances of Mason’s allegations.
- The outcome may impact corporate governance perceptions within the financial sector.
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