Wells Fargo Management
Management criteria checks 3/4
Wells Fargo's CEO is Charlie Scharf, appointed in Oct 2019, has a tenure of 5.08 years. total yearly compensation is $25.97M, comprised of 9.6% salary and 90.4% bonuses, including company stock and options. directly owns 0.026% of the company’s shares, worth $63.08M. The average tenure of the management team and the board of directors is 4.4 years and 13.2 years respectively.
Key information
Charlie Scharf
Chief executive officer
US$26.0m
Total compensation
| CEO salary percentage | 9.6% |
| CEO tenure | 5.1yrs |
| CEO ownership | 0.03% |
| Management average tenure | 4.4yrs |
| Board average tenure | 13.2yrs |
Recent management updates
Recent updates
Wells Fargo Stock: Why It Could Continue Its Bull Run Once The Asset Cap Is Lifted
Nov 20Wells Fargo Q3 Earnings Preview: Stock Attractive As Interest Rates Fall
Oct 07Wells Fargo: A Stable Dividend Payer With Growth In Fees-Driven Segments
Oct 01Wells Fargo's New Enforcement Action Pushes Back The Asset Cap Lifting Timeline (Rating Downgrade)
Sep 19Wells Fargo: Too Much Uncertainty
Aug 29Wells Fargo (NYSE:WFC) Is Increasing Its Dividend To $0.40
Jul 31
Wells Fargo: Q2 Earnings Suggest NII Drops Are Bottoming (Rating Upgrade)
Jul 17Wells Fargo: Manageable Near-Term Risks And Meaningful Longer-Term Potential
Jul 01Wells Fargo: Adding Duration To My Portfolio With A 6.3% Yielding Preferred
Jun 22Is Now The Time To Put Wells Fargo (NYSE:WFC) On Your Watchlist?
Jun 10Wells Fargo Continues To Grow Despite Its Past
May 30Wells Fargo: Uneven Q1 Results Point To A Hold
May 21Here's Why Shareholders May Want To Be Cautious With Increasing Wells Fargo & Company's (NYSE:WFC) CEO Pay Packet
Apr 24Wells Fargo: Limited Upside In 2024
Apr 20Wells Fargo: Strong Q1 Earnings Will Lead To Further Outperformance
Apr 13Wells Fargo Stock: It Was A Nice Rally, But Some Risks Remain (Rating Downgrade)
Apr 05Wells Fargo's 6.2% Preferreds: An Oasis In The Desert
Mar 29CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$17b |
| Jun 30 2024 | n/a | n/a | US$18b |
| 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$18b |
| Jun 30 2023 | n/a | n/a | US$16b |
| Mar 31 2023 | n/a | n/a | US$14b |
| 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 US market ($USD12.73M).
Compensation vs Earnings: Charlie's compensation has been consistent with company performance over the past year.
CEO
Charlie Scharf (59 yo)
5.1yrs
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 | 5.1yrs | US$25.97m | 0.026% $ 63.1m | |
| Senior EVP & CFO | 4.1yrs | US$12.45m | 0.0093% $ 22.7m | |
| Senior EVP & COO | 4.9yrs | US$10.40m | 0.0074% $ 18.0m | |
| Senior EVP and Co-CEO of Corporate & Investment Banking | less than a year | US$14.62m | 0.011% $ 27.7m | |
| Senior EVP and CEO of Wealth & Investment Management | 4.4yrs | US$10.25m | 0.0025% $ 6.1m | |
| Senior EVP & Head of Technology | less than a year | no data | no data | |
| Chief Administrative Officer & Head of Global Operations | 4.4yrs | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Senior EVP & General Counsel | 4.7yrs | no data | 0.0042% $ 10.2m | |
| Chief Communications & Brand Officer | 2.2yrs | no data | no data | |
| Senior EVP & Head of Human Resources | 3.1yrs | no data | 0.0013% $ 3.2m | |
| Senior Vice President | 16.9yrs | no data | no data |
4.4yrs
Average Tenure
56.5yo
Average Age
Experienced Management: WFC's management team is considered experienced (4.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.1yrs | US$25.97m | 0.026% $ 63.1m | |
| Independent Chairman | 4.6yrs | US$590.02k | 0% $ 0 | |
| Independent Director | 7.8yrs | US$390.02k | 0.00054% $ 1.3m | |
| Independent Director | 6.8yrs | US$400.02k | 0.0010% $ 2.4m | |
| Independent Director | 5.8yrs | US$365.02k | 0% $ 0 | |
| Member of Environmental Advisory Board | 18.7yrs | no data | no data | |
| Member of Environmental Advisory Board | 18.7yrs | no data | no data | |
| Member of Environmental Advisory Board | 18.7yrs | no data | no data | |
| Member of Environmental Advisory Board | 18.7yrs | no data | no data | |
| Member of Environmental Advisory Board | 18.7yrs | no data | no data | |
| Member of Environmental Advisory Board | 18.7yrs | no data | no data | |
| Independent Director | 6.8yrs | US$410.02k | 0.00013% $ 317.8k |
13.2yrs
Average Tenure
64.5yo
Average Age
Experienced Board: WFC's board of directors are seasoned and experienced ( 13.2 years average tenure).