How much did wells fargo pay ceo charlie scharf for 2023? · wells fargo directors are considering plans to scrap annual bonuses for top executives as the us bank tries to rebuild investor confidence after being rocked by a scandal over sham. As these fake accounts grew, the ceo of wells fargo at the time, john stumpf, raked in bigger and bigger bonuses. Senators are asking the bank if it still plans to pay millions of dollars in bonuses to executives and board members who oversaw the practice. What happened to wells fargo ceo john stumpf? · wells fargo shareholders on tuesday approved its plans for executive compensation with a majority vote, including hiking ceo charlie scharfs 2023 package to $29 million. Notably, eight top executives included the new ceo tim sloan and cfo john shrewsberry as well. · last week, regulators fined wells fargo $185 million for opening millions of bank account and credit cards without its customers’ permission. How much does wells fargos ceo get paid? Why did wells fargo get so many fake accounts? Wells fargo paid ceo charlie scharf $29 million for 2023, the bank said thursday in a filing with the securities and exchange commission. · the clawback of bonuses will reduce wells fargo s bonus pay by $32 million. · wells fargo said monday that it would claw back tens of millions in additional compensation from top former executives after an investigation concluded that the leaders had not acted. · executives relentlessly pressured employees to meet extreme sales quotas, leading them to create millions of fraudulent accounts without clients’ consent.
