- Wells Fargo & Co gave Chief Executive Tim Sloan a 5 percent pay raise for 2018, the bank said on Wednesday.
Sloan’s base salary remained flat at $2.4 million, he earned $14 million stock awards and the board awarded him a $2 million bonus based on the bank’s financial performance and other factors, according to a company filing.Wells Fargo released compensation details one day after Sloan appeared before the House Financial Services Committee to show to lawmakers that the bank has reformed since 2016 revelations that it created millions of unauthorized customer accounts.
His pay rise may draw further scrutiny from lawmakers, including Representative Maxine Waters and progressive firebrand Senator Elizabeth Warren, who have called for Sloan to step down. During the hearing, committee chair Waters criticized regulators including the U.S. Federal Reserve, saying they had not been tough enough on the country’s fourth-largest lender.
“The Federal Reserve does not approve pay packages. We expect boards of directors to hold management accountable,” said a Fed spokesperson in an emailed statement when asked about Wells Fargo’s latest executive compensation numbers.
Everyone in the entire company got 5% pay raise or more in fact most US companies have got the same.
I'll post this right here...
This guy should be in prison.
It’s good to be the king of fraud at WellsFargo
Steal, cheat, lie. PAY RAISE! God Bless American capitalism!
I see a Trump cabinet position in his future.
Good for him
Another 1%er getting more at consumers expense
Why is this news?
What's the percentage raise for the average employee, again? Poorly run bank's CEO get a 5% raise on $2.4 million salary (not including stocks & bonuses). A poor 15 yo kid steals sneakers gets over a decade in prison.
That did it. I’m closing my accounts tomorrow.
MonicaLogallmon Doubly disgusting. Is he Republican? Asking for friends
Why? He's led a corrupt organization engaging in RICO. He should be ousted and criminally charged.
Because, with rampant income inequality, disappearing middle class, inadequate healthcare, and a nation struggling to provide basic necessities with low wages, he deserves it, amiright?
Unconscionable. Company is crooked as a bag of snakes. FuckWellsFargo
He did a great job stealing identity and opened up fake accounts. Of course he deserves a bonus. Cant believe u people really thought he was going to jail or be punished. This is America. Big corporate always win. You best believe!
Good! After that braindead conversation with Miss Nina Pinta Santa Maria Cortez, he deserves it!!
Wells Fargo sucks they are all a bunch of lying predators...they should be shut down!
Most employees at Wf got less than 2% annual increase this year.
trish_regan I am not going to cough up a hairball over that.
And it still won’t cover all the Botox he needs!!!
Donate to those in need.
LOL. So the CEO gets a 5% pay increase for PR purposes. Real question is how much in stock options were granted him. That’s much more financially beneficial to corp CEO’s than a salary increase.
And So what ?
And liberals whine
We need oversight!
Wells Fargo CEO gets a 5% raise. And his employees?
Bail out working
Oh, good. I was worried. 🙄
Fiasco pay raise.
Take your money and run as far away as possible from Wells Fargo.
I hope he uses part of it on skin moisturizer...
🙃
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Wells Fargo CEO Tim Sloan got a pay raise to $18.4 million as problems mount, shares tumbleCharged with cleaning up the fake-accounts scandal that claimed his predecessor, Sloan has struggled to satisfy regulators' demands to overhaul the sprawling institution. HIs kids need braces. Must be nice.
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Ocasio-Cortez asks Wells Fargo CEO why the bank finances the ‘caging of children’“Why was the bank involved in the caging of children and financing the caging of children to begin with? Rep. Ocasio-Cortez asked the CEO of Wells Fargo. Boy she is not very smart. Good luck with that one TheDemocrats How stupid is her. Thank god Im with BOA!!!!!
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Wells Fargo CEO Tim Sloan's pay rose to $18.4 million last yearWells Fargo CEO Tim Sloan's pay rose to $18.4 million in 2018, even as the bank continued an apology tour for customer abuses and faced massive regulatory penalties. ...and how much of that figure comes from $$$ that WellsFargo scammed its customers and employees out of? Geezus Fuq!!! 🤮🤮🤮🤮🤮🤮
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Wells Fargo CEO's pay raise draws rare Fed responseWells Fargo & Co gave Chief Executive Tim Sloan a 5 percent pay raise for 2018, ... SCUMBAGS. More rich white people shannigans. WellsFargo is trash and as for tomorrow morning i will stop by my nearest branch and close all my accounts and never look back
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Wells Fargo CEO avoids major stumble at heated congressional hearingDemocratic and Republican lawmakers on Tuesday pressed Wells Fargo & Co Chief Ex... As in down the steps? Is Florentino Pérez sitting on the Back? Only one stumble bum at that hearing. AOC 🤣
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Wells Fargo CEO Tim Sloan’s message of contrition and improvement draws bipartisan rebukeWells Fargo & Co. Chief Executive Tim Sloan traveled to Capitol Hill with a message of contrition for its many scandals and commitment to treating its employees and customers right. Lawmakers from both parties weren’t buying it. Funny, he looks nice.
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Wells Fargo CEO faces bipartisan grilling in front of House committeeWells Fargo CEO Tim Sloan took a bipartisan battering in front of the House Financial Services Committee, as lawmakers assailed the banking giant for a series of scandals engulfing the bank. اليتيم يتنمر عليه الجميع cryptocurency what are the point of these congressional hearings? they interview a CEO pretend like theyre against him or her and then everything goes back to the way it was, nothing ever changes!!!
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Ocasio-Cortez asks Wells Fargo CEO why bank was 'involved in the caging of children''Mr. Sloan, why was the bank involved in the caging of children and financing the caging of children to begin with?' Ocasio-Cortez asked Tim Sloan. Probably just had a bunch of leftover cages from one of their riskier & more imaginative investments, those wacky little scalawags! Newsweak She’s becoming Palin-esque. Starts strong, wows supporters and scares the opposition before ignorance and ego get in her way. And he replied it start in 2008. Nothing change from then 🤡🤡🤡🤡
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Wells Fargo CEO avoids major stumble at heated congressional hearingDemocratic and Republican lawmakers on Tuesday pressed Wells Fargo & Co Chief Ex... If only the politicians had done the same eh? Organized crime
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Wells Fargo CEO Tim Sloan faces an angry CongressWells Fargo CEO Tim Sloan says that the bank's problems are fixed and its customer abuses are a thing of the past. But his contentious hearing in front of the House Financial Services committee indicates that Wells Fargo isn't out of the dog house yet. Glad I sold my inherited parents’ stocks of this atrocious bank when they backed DAPL 🤮😈 Financing things that some people disagree with aren’t a “problem” to begin with. They’re a bank they make loans and hope to be paid back. I don’t blame parents who give their child an allowance if the kid purchases something questionable with it. That’s the same thing the serial killer said after he was apprehended.
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