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Wednesday, March 19, 2014

Wells Fargo CEO Stumpf gets $19 million in pay

http://www.marketwatch.com/story/wells-fargo-ceo-stumpf-gets-19-million-in-pay-2014-03-18?link=MW_home_latest_news

Stumpf’s base pay was flat at $2. 8 million, with a bonus that included shares valued at $12.5 million, most tied to the company’s performance. He also received an additional bonus of $4 million.
Still, there were no gains in Stumpf’s pension value for last year. A nearly $4 million gain in his pension in 2012 pumped up his pay package to $22.9 million that year.
The overall figure for 2012 made him the highest paid CEO of a large U.S. bank at the time.
This year, Goldman Sachs Group Inc. GS -0.15%  Chief Executive Lloyd Blankfein has had the highest 2013 pay from the major U.S. banks that have disclosed 2013 pay. Blankfein in January was awarded an estimated $23 million in salary and bonus, a raise of about 9.5% from 2012 and his highest payday since the financial crisis.
Wells Fargo in 2013 had the largest profit of any of the large U.S. banks, beating out J.P. Morgan Chase & Co. JPM +0.09%  , which was battered last year by a host of regulatory and legal troubles.

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