div > div.group > p:first-child"> The executive received $18.4 million, including a $2.4 million salary, $14 million in stock awards and $2 million in incentive awards, according to a regulatory filing. That compares to the $17.5 million he earned for 2017, which was a 36 percent increase from the previous year.
Sloan, 58, took over the fourth-biggest U.S. bank in October 2016. Last year, thanks to"widespread consumer abuses," the Federal Reserve capped the bank's asset growth after the bank found more problems with customer dealings.During a four-hour long testimony this week before the House Financial Services committee, Sloan revealed that the bank was operating under 14 separate consent decrees with his regulators. Sen.
Meanwhile, J.P. Morgan CEO Jamie Dimon received $31 million for his work last year, while Brian Moynihan of Bank of America got $26.5 million, and Morgan Stanley CEO James Gorman got $29 million.
I’m all for CEO’s making money. Given Wells Fargo’s current circumstances and the fact that there is a target on them from congress, maybe forgo the raise this year? Just a thought.
Was Alexandria Cortez consulted?
Good for him. It’s s huge business Run.
Of 254 companies reporting their 2nd CEO pay ratio disclosure so far, median employee pay has risen 4.2%; median CEO pay, 3.4%. Average of median employee pay has risen 6.1%; average CEO pay, 60%. As expected, problem may be attenuating to a smaller group of CEOs due to sunshine.
So?
Crime does pay.
Wonder how many people committed suicide, OD fentanyl, raging alcoholic,divorced, wife beatings cause of Wells Fargo lawlessness?
For being nice enough to be polite to imbecile AOC...I'd have given him more.
18 million for the CEO s and minimum wage for other employees.
Omg
Sure he did and why not, he stole it fair n square.
I’m sorry but this man has no integrity whatsoever. I’ve been targeted by someone close to me who worked at WF - she kept insisting I needed to open an account like it was some pyramid scheme. Still dunno if I have one that was opened w/o my permission. Bye WF! NoDAPL
No one on this planet is worth 18 million dollars a year in salaries for any job.
Why don’t you post your salary?
That IS an obscene amt for pay!!!! My daughter works for Wells Fargo and the lowly workers didn't get anywhere near a +5% pay raise!!!!!
They used to robe their own Banks, and payrolls did you know?..
I've said it before. I think these CEOs make enough money. Do they really deserve or need that extra raise. Why not spread it to employees who need it. And did we forget about the scandal they went through with the loans...?
good for him, im excited this time when the economy crashes, these buggers are going to jail. I hope people are ready for when it hits and are holding gold and silver
so ? why not this writer becomes a CEO to get high pay ?🤪
Must be nice.
HIs kids need braces.
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