Wells Fargo CEO gets 5 percent pay raise

  • News Digest

Mar 15, 2019-

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. In 2017, Sloan did not receive a bonus and his total compensation was $17.4 million. 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 unauthorised customer accounts. (REUTERS)

Published: 15-03-2019 11:50

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