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Wells Fargo & Co. (NYSE: WFC) Chief Executive Tim Sloan received $17.4 million, or a 36% increase, in compensation for 2017, according to a Wednesday regulatory filing.
Sloan received a $2.4 million base salary for 2017, plus $15 million in long-term performance shares. He did not receive a cash bonus. The filing states the actual pay amount for the performance shares will be determined in 2020, depending on risk assessments and company performance from 2017-19.
Last year, Sloan was awarded $12.83…
Charlotte Business News - Local Charlotte News | Charlotte Business Journal
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Wells Fargo CEO's pay jumps 36% in 2017