Home / Business / Wells Fargo Boosts CEO Tim Sloan’s Pay 36% to $17.4 Million

Wells Fargo Boosts CEO Tim Sloan’s Pay 36% to $17.4 Million

Wells Fargo Co. paid Chief Executive Officer Tim Sloan $17.4 million for 2017, a 36 percent boost from a year earlier, as a bank struggled to giveaway itself from a fibre of scandals.

Sloan, 57, perceived $2.4 million in income and $15 million of limited stock, some of that is related to lapse on equity compared with other financial firms, a San Francisco-based bank pronounced Wednesday in a substitute filing. He asked a house not to endowment him a bonus, according to a filing.

Wells Fargo has been excoriated for bad behavior, including employees formulating legions of feign accounts and allegedly creation inapt recommendations to business seeking choice investments. Regulators also are probing either a bank overcharged consumers for home and automobile loans as good as clients with fiduciary and control accounts, a association has said. Last month, a Federal Reserve blocked a organisation from flourishing a resources until it cleans adult a messes.

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