Top CEO bags $19.3m in 2013

Graph And Coins

Wells Fargo, which reported more profit than any other U.S. bank in 2013, left CEO John Stumpf’s annual compensation unchanged at $19.3m.

Bloomberg reports that Stumpf, 60, received $2.8m in salary for his work last year, plus a $4m bonus and $12.5m in long-term equity incentive awards, the bank said today in a filing with the U.S. Securities and Exchange Commission.

Wells Fargo shares rose 33% last year. While that trailed the 35% advance for the KBW Bank Index, Wells Fargo is the most valuable bank based on stock-market valuation. Profit was $21.9bn in 2013, the first time Stumpf’s bank earned more than JPMorgan, the biggest by assets in the U.S., which posted income of $17.9bn.

To access the complete Bloomberg article hit the link below:

Wells Fargo Leaves Stumpf's 2013 Pay Unchanged

Carney Fuses Bank of England Departments After McKinsey Review 

Best place to workThe Best Firm of the Last Decade is...

Register for Financial Markets News Alerts