Wells Fargo Management
Management criteria checks 3/4
Wells Fargo's CEO is Charlie Scharf, appointed in Oct 2019, has a tenure of 4.5 years. total yearly compensation is $25.97M, comprised of 9.6% salary and 90.4% bonuses, including company stock and options. directly owns 0.023% of the company’s shares, worth €45.20M. The average tenure of the management team and the board of directors is 3.8 years and 12.6 years respectively.
Key information
Charlie Scharf
Chief executive officer
US$26.0m
Total compensation
| CEO salary percentage | 9.6% |
| CEO tenure | 4.5yrs |
| CEO ownership | 0.02% |
| Management average tenure | 3.8yrs |
| Board average tenure | 12.6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$18b |
| Dec 31 2023 | US$26m | US$3m | US$18b |
| Sep 30 2023 | n/a | n/a | US$17b |
| Jun 30 2023 | n/a | n/a | US$15b |
| Mar 31 2023 | n/a | n/a | US$13b |
| Dec 31 2022 | US$25m | US$3m | US$13b |
| Sep 30 2022 | n/a | n/a | US$15b |
| Jun 30 2022 | n/a | n/a | US$17b |
| Mar 31 2022 | n/a | n/a | US$20b |
| Dec 31 2021 | US$21m | US$3m | US$21b |
| Sep 30 2021 | n/a | n/a | US$18b |
| Jun 30 2021 | n/a | n/a | US$16b |
| Mar 31 2021 | n/a | n/a | US$6b |
| Dec 31 2020 | US$20m | US$3m | US$2b |
| Sep 30 2020 | n/a | n/a | US$2b |
| Jun 30 2020 | n/a | n/a | US$3b |
| Mar 31 2020 | n/a | n/a | US$13b |
| Dec 31 2019 | US$36m | US$498k | US$18b |
Compensation vs Market: Charlie's total compensation ($USD25.97M) is above average for companies of similar size in the German market ($USD5.57M).
Compensation vs Earnings: Charlie's compensation has been consistent with company performance over the past year.
CEO
Charlie Scharf (58 yo)
4.5yrs
Tenure
US$25,966,198
Compensation
Mr. Charles W. Scharf, also known as Charlie, has been the Chief Executive Officer, President and Director of Wells Fargo & Company since October 21, 2019. Mr. Scharf serves as Director of Visa Internation...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.5yrs | US$25.97m | 0.023% $ 45.2m | |
| Senior EVP & CFO | 3.5yrs | US$12.45m | 0.0088% $ 17.5m | |
| Senior EVP & COO | 4.3yrs | US$10.40m | 0.0070% $ 13.9m | |
| Senior EVP and CEO of Corporate & Investment Banking | 6.8yrs | US$14.62m | 0.011% $ 21.3m | |
| Senior EVP and CEO of Wealth & Investment Management | 3.8yrs | US$10.25m | 0.0024% $ 4.7m | |
| Senior EVP & Head of Technology | less than a year | no data | 0.00053% $ 1.0m | |
| Chief Administrative Officer & Head of Global Operations | 3.8yrs | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Senior EVP & General Counsel | 4.1yrs | no data | 0.0040% $ 7.8m | |
| Chief Compliance Officer | 3.5yrs | no data | no data | |
| Chief Communications & Brand Officer | 1.6yrs | no data | no data | |
| Senior EVP & Head of Human Resources | 2.5yrs | no data | 0.0013% $ 2.5m |
3.8yrs
Average Tenure
53yo
Average Age
Experienced Management: NWT's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.5yrs | US$25.97m | 0.023% $ 45.2m | |
| Independent Chairman | 4yrs | US$599.77k | 0% $ 0 | |
| Independent Director | 7.2yrs | US$390.02k | 0.00052% $ 1.0m | |
| Independent Director | 6.3yrs | US$400.02k | 0.00095% $ 1.9m | |
| Independent Director | 5.3yrs | US$365.02k | 0% $ 0 | |
| Member of Environmental Advisory Board | 18.1yrs | no data | no data | |
| Member of Environmental Advisory Board | 18.1yrs | no data | no data | |
| Member of Environmental Advisory Board | 18.1yrs | no data | no data | |
| Member of Environmental Advisory Board | 18.1yrs | no data | no data | |
| Member of Environmental Advisory Board | 18.1yrs | no data | no data | |
| Member of Environmental Advisory Board | 18.1yrs | no data | no data | |
| Independent Director | 6.3yrs | US$425.02k | 0.00012% $ 237.4k |
12.6yrs
Average Tenure
63.5yo
Average Age
Experienced Board: NWT's board of directors are seasoned and experienced ( 12.6 years average tenure).