Hold Wells Fargo responsible: Wells Fargo CEO Scharf’s pay drops nearly 12% in 2020

From Fox Business:

Wells Fargo Chief Executive Officer Charles Scharf’s annual pay fell by about $3 million, or 12%, in 2020, a regulatory filing showed on Friday.

Scharf will receive $20.3 million for his work during the year, compared with $23 million in 2019, the bank said. Scharf, who served as a top lieutenant to JPMorgan Chase CEO Jamie Dimon during the financial crisis of 2008, took over the reins at Wells Fargo in 2019.

GOLDMAN CEO DAVID SOLOMON TAKES $10M PAY CUT FOR MALAYSIAN INVESTMENT SCANDAL

The fall in Scharf’s pay compares with a 36% drop in Goldman Sachs Chief Executive David Solomon’s salary and a 20% jump in compensation for Morgan Stanley ‘s top boss James Gorman. JP Morgan held CEO Dimon’s annual pay at $31.5 million.

Continue reading Wells Fargo CEO Scharf’s pay drops nearly 12% in 2020 on Fox Business

Or take your claim to FairShake, the consumer advocacy service.


Read More:

FairShake is aggregating links to consumer news stories across the web. We claim no rights to the snippets featured.

Latest news

Latest Chase Bank customer news: Doesn’t everyone chase boiled eggs down a hill to pay tribute to the resurrection?

From The Guardian: The wheels fell off my plans for this year’s Lent abstinence within three days. Or, more accurately,...

Top AT&T story from FierceWireless: AT&T’s debt hampers its C-band aspirations

From FierceWireless: AT&T spent years cobbling together a widely diverse business, but lately it’s been in the news for its...

Calif. Voters ‘Clearly’ Against Uber Drivers’ Suit, Judge Says, according to Law360

From Law360: Law360 (February 25, 2021, 9:49 PM EST) -- A California federal judge pushed Uber drivers Thursday to explain...

Law360 reports AT&T Says Telecom Charged Too Much For Access Services

From Law360: Law360 (February 25, 2021, 7:43 PM EST) -- AT&T Corp. is going after a telephone service carrier it...

Hold AT&T responsible: AT&T sells part of DirecTV to buyout firm TPG

From Fox Business: AT&T Inc. agreed to sell a stake in its pay-TV unit to private-equity firm TPG and carve...

The New York Times on AT&T: AT&T, loaded with debt from its DirecTV deal, sells part of its TV business to a private equity...

From The New York Times: AT&T is spinning off part of its TV business, which consists of the DirecTV, AT&T...

You might also likeRELATED
Recommended to you