Criticism
He has been criticized in the past for his high salary and bonus which, according to some observers, is out of proportion to his value as a president of a fairly standard banking operation. He made $11 million in 2003. His policy of "service shrinkage", or decreasing the number of services offered for the same banking fee, has attracted criticism from customers. In 2006, on his watch, BMO was forced to refund overcharges on mortgage payments of approximately $250 per customer.
Comper stepped down on March 1, 2007, at BMO's annual meeting, but stayed on as an adviser until April 24, his 62nd birthday. This announcement came at the same time as BMO posted disappointing fourth quarter results, though they were record profits for the bank due to lower taxes and bad loans. He was succeeded by Bill Downe, who had been the frontrunner for the CEO position for the last few years, and formerly Chief Operating Officer of BMO.
In 2010, he was made a Member of the Order of Canada, along with his wife Elizabeth, "for their commitment to the community at large as active volunteers and philanthropists".
Read more about this topic: F. Anthony Comper
Famous quotes containing the word criticism:
“A bad short story or novel or poem leaves one comparatively calm because it does not exist, unless it gets a fake prestige through being mistaken for good work. It is essentially negative, it is something that has not come through. But over bad criticism one has a sense of real calamity.”
—Rebecca West (1892–1983)
“However intense my experience, I am conscious of the presence and criticism of a part of me, which, as it were, is not a part of me, but a spectator, sharing no experience, but taking note of it, and that is no more I than it is you. When the play, it may be the tragedy, of life is over, the spectator goes his way. It was a kind of fiction, a work of the imagination only, so far as he was concerned.”
—Henry David Thoreau (1817–1862)
“In criticism I will be bold, and as sternly, absolutely just with friend and foe. From this purpose nothing shall turn me.”
—Edgar Allan Poe (1809–1845)