Wells Fargo awards 35% pay hike for its CEO despite bank scandals
Wells Fargo (WFC) has given its CEO Timothy Sloan an almost 35% hike in compensation for 2017. The compensation, which amounts to slightly more than $17 million, comes from an increase in stock awards value. Sloan, who succeeded John Stumpf in 2016, saw an increase of 3% in his take-home pay. He chose to forego an annual incentive.
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