Pat: Thanks for your recent update on TD Bank. But besides the financials, shouldn’t you have mentioned the change at the top as CEO Ed Clark retires? Will there be any changes with the new CEO, etc.? Thanks.
Ed Clark became TD Bank’s president and CEO on December 20, 2002. On November 1, 2014, he retired at age 67. Bharat Masrani officially succeeded Clark on November 1, 2014.
Mr. Masrani ran the bank’s U.S. retail operation before becoming chief operating officer in July 2013. Earlier in his career, he served as chief risk officer and held executive roles in TD’s commercial and corporate banking and wealth management businesses.
We’ll typically mention a CEO change at one of our stock recommendations when it looks like the new chief executive will significantly alter the company’s direction. An example is when CP Rail lured Hunter Harrison, the former CEO of rival Canadian National Railway, out of retirement to take over the company’s management. Mr. Harrison was hired to make quick and radical improvements at CP and wring much more profit out of its extensive assets and well-established business.
However, Mr. Masrani has a long history with TD Bank and is unlikely to make any…
Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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COMMENTS: TERMS OF USE
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
The contents of this web site and our publications are based upon sources of information believed to be reliable, but no warranty or representation, expressed or implied, is given as to their accuracy or completeness. Any opinion reflects the Successful Investor’s judgment at the date of publication and neither the Successful Investor, nor any of its affiliated companies, nor any of their officers, directors or employees, accepts any responsibility in respect of the information or recommendations contained in the publications or on this web site. Moreover, the information or recommendations are subject to change without notice.
Information presented on this web site or contained in our publications is not an offer, nor a solicitation, to buy or sell any securities referred to on the web site or in the publications. The material is general information intended for recipients who understand the risks associated with an investment in any securities referred to in the publications or on this web site. The Successful Investor has made no determination regarding whether an investment, course of action, or associated risks are suitable for the recipient.
