New Wells Fargo CEO Charles Scharf's annual target compensation is $23 million, according to a filing from the bank Friday.
Wells Fargo announced Friday that Charles Scharf of BNY Mellon will be its new CEO. A filing revealed that Scharf was offered a 40% salary bump — to $23 million — for the top position at the bank, Bloomberg reported. Here's a breakdown of the full salary package. Read more on Business Insider. Charles Scharf is getting a significant pay bump to be the next CEO of Wells Fargo, and it may have helped the scandal-ridden bank win him over.
Wells Fargo announced Friday that Charles Scharf of BNY Mellon will be its new CEO. A filing revealed that Scharf was offered a 40% salary bump — to $23 million — for the top position at the bank, Bloomberg reported. Here's a breakdown of the full salary package. Read more on Business Insider. Charles Scharf is getting a significant pay bump to be the next CEO of Wells Fargo, and it may have helped the scandal-ridden bank win him over.
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