Four of the big five banks saw turnover in the CEO suite, and three of them in particular — TD, with Ed Clark; RBC, with Gordon Nixon; and Scotiabank, with Rick Waugh — lost outspoken, influential heads who had ushered in an unprecedented era of
growth at their respective institutions.
After getting advanced degrees and then faculty positions at the University of California at Davis, Cornell University and Texas A & M University, we looked for
opportunities at our respective institutions — and quite independently.