In 2017, the total amount of the earnings of Timothy Sloan, CEO of Well Fargo, increased by 36% and is $17.4 mln, Dow Jones reports, writes finance ua.
In 2017, the total amount of the earnings of Timothy Sloan, CEO of Well Fargo, increased by 36% and is $17.4 mln, Dow Jones reports, writes Finance. ua.
Out of this amount, the basic salary is $2.4 mln, the share bonus is $15 mln, Finance.ua reports quoting Interfax Ukraine.
T. Sloan denied his cash bonus, as he considered the progress in solving bank problems “significant, but not definitive”.
Nevertheless, the remuneration of CEO of Wells Fargo exceeded 291 times the average salary of bank employees.
It is noted that last year, T. Sloan earned less than all Wall Street bank directors.
Last year, Wells Fargo made the net profit, amounting to $22.2 bln.
