Wells Fargo trims CEO Scharf’s pay to $20.3 million in 2020
The bank was the worst performer in the KBW Bank Index last years; its shares tumbled as it slashed its dividend and reported its first quarterly loss since 2008.
Wells Fargo & Co. cut Chief Executive Charlie Scharf’s compensation about 12% for 2020, a year in which shares tumbled and the company slashed its dividend and reported its first quarterly loss since 2008.
The board paid Scharf $20.3 million for 2020, his first full year atop Wells Fargo, d
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