How much money did John Stumpf make at Wells Fargo?

How much money did John Stumpf make at Wells Fargo?

He collected more than $60 million of salary and bonuses during his years at the San Francisco-based firm.

How much does the CEO of Wells Fargo make a year?

$24.5 million last
This article is in your queue. Wells Fargo WFC 0.67% & Co. Chief Executive Charles Scharf earned $24.5 million last year, receiving a 20% raise as the bank recovered from its pandemic slump. The compensation, like in 2020, included $2.5 million of base pay, according to a regulatory filing on Monday.

What happened to John Stumpf Wells Fargo?

Wells Fargo agreed to pay $3 billion in fines to settle investigations with the SEC and the Justice Department. In January, Stumpf agreed to a lifetime ban from the banking industry and a $17.5 million fine for his role in the fake-accounts scandal and other misconduct.

How much was John Stumpf fined?

$17.5 million
But on Thursday, Wells Fargo’s former chief executive John G. Stumpf was fined $17.5 million — the largest individual fine in the history of the bank’s main federal regulator — for his role in a toxic sales culture that foisted unwanted products and sham bank accounts on millions of customers.

How much does Charles W Scharf make?

March 14 (Reuters) – Wells Fargo & Co Chief Executive Officer Charles Scharf’s total compensation for 2021 was $24.5 million, up nearly 20% from a year ago, the Wall Street bank disclosed in a regulatory filing on Monday.

What is Wells Fargo net worth?

Wells Fargo net worth as of June 07, 2022 is $171.02B. Wells Fargo & Company is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially.

Did anyone go to jail for the Wells Fargo scandal?

Yet there were no prosecutions resulting from the mortgage-backed securities debacle that arose in 2007. Some banks did agree to multibillion-dollar settlements, but no one was jailed. Now, after Well Fargo workers fraudulently created 2 million customer accounts, the top executives seem unaffected.

What happened to John Strumpf?

The U.S. government announced Thursday that former Wells Fargo CEO John Stumpf has been banned from ever working at a bank again and will pay $17.5 million for scandals in which millions of fake accounts were set up to meet sales quotas.

How much does Saul van Beurden make?

Saul Van Beurden made $10,369,876 in total compensation as Senior Executive Vice President and Head of Technology at Wells Fargo & Co in 2019.

How much does the CFO of Wells Fargo make?