Wells Fargo Management

Management criteria checks 3/4

Wells Fargo's CEO is Charlie Scharf, appointed in Oct 2019, has a tenure of 4.42 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 $46.10M. The average tenure of the management team and the board of directors is 3.8 years and 12.5 years respectively.

Key information

Charlie Scharf

Chief executive officer

US$26.0m

Total compensation

CEO salary percentage9.6%
CEO tenure4.4yrs
CEO ownership0.02%
Management average tenure3.8yrs
Board average tenure12.5yrs

Recent management updates

Recent updates

Comparing Wells Fargo Series CC And DD Preferred Stocks

Mar 16

Wells Fargo: A 6.2% Preferred Dividend Yield While Waiting For Decreasing Rates

Feb 03

Wells Fargo: Not Much To Be Excited About

Jan 26

Wells Fargo: Looking Even Uglier Under The Hood

Jan 19

Wells Fargo Q4 Earnings Reinforce The Bullish Outlook

Jan 12

Wells Fargo's Fiscal Q4 Earnings Will Offer An Insight Into 2024

Jan 02

Wells Fargo: Value Investors Say 'Thank You', Mr. Market

Nov 29

If EPS Growth Is Important To You, Wells Fargo (NYSE:WFC) Presents An Opportunity

Nov 24
If EPS Growth Is Important To You, Wells Fargo (NYSE:WFC) Presents An Opportunity

Wells Fargo: I Started To Buy The 6.8% Yielding Preferred Shares

Nov 18

Wells Fargo Q3: Risks Are Growing (Rating Downgrade)

Oct 23

Bullish On Wells Fargo Stock Ahead Of Q3 Earnings

Oct 11

Wells Fargo: A Solid Sell Setup In Place

Oct 03

Wells Fargo Has The Makings Of A Cheap, Safe Dividend Monster

Sep 26

Wells Fargo: The 6.5% Yielding Preferred Shares Are Attractive

Sep 17

CEO Compensation Analysis

How has Charlie Scharf's remuneration changed compared to Wells Fargo's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023US$26mUS$3m

US$18b

Sep 30 2023n/an/a

US$17b

Jun 30 2023n/an/a

US$15b

Mar 31 2023n/an/a

US$13b

Dec 31 2022US$25mUS$3m

US$13b

Sep 30 2022n/an/a

US$15b

Jun 30 2022n/an/a

US$17b

Mar 31 2022n/an/a

US$20b

Dec 31 2021US$21mUS$3m

US$21b

Sep 30 2021n/an/a

US$18b

Jun 30 2021n/an/a

US$16b

Mar 31 2021n/an/a

US$6b

Dec 31 2020US$20mUS$3m

US$2b

Sep 30 2020n/an/a

US$2b

Jun 30 2020n/an/a

US$3b

Mar 31 2020n/an/a

US$13b

Dec 31 2019US$36mUS$498k

US$18b

Compensation vs Market: Charlie's total compensation ($USD25.97M) is above average for companies of similar size in the US market ($USD12.45M).

Compensation vs Earnings: Charlie's compensation has been consistent with company performance over the past year.


CEO

Charlie Scharf (58 yo)

4.4yrs

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

NamePositionTenureCompensationOwnership
Charles Scharf
President4.4yrsUS$25.97m0.023%
$ 46.1m
Michael Santomassimo
Senior EVP & CFO3.4yrsUS$12.45m0.0087%
$ 17.8m
Scott Powell
Senior EVP & COO4.3yrsUS$10.40m0.0069%
$ 14.2m
Jonathan Weiss
Senior EVP and CEO of Corporate & Investment Banking6.7yrsUS$14.62m0.011%
$ 21.7m
Barry Sommers
Senior EVP and CEO of Wealth & Investment Management3.8yrsUS$10.25m0.0024%
$ 4.8m
Tracy Kerrins
Senior EVP & Head of Technologyless than a yearno data0.00052%
$ 1.1m
David Owen
Chief Administrative Officer & Head of Global Operations3.8yrsno datano data
John Campbell
Director of Investor Relationsno datano datano data
Ellen Patterson
Senior EVP & General Counsel4yrsno data0.0039%
$ 8.0m
Paula Dominick
Chief Compliance Officer3.4yrsno datano data
Amy Bonitatibus
Chief Communications & Brand Officer1.5yrsno datano data
Bei Ling
Senior EVP & Head of Human Resources2.4yrsno data0.0012%
$ 2.5m

3.8yrs

Average Tenure

53yo

Average Age

Experienced Management: WFC's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Charles Scharf
President4.4yrsUS$25.97m0.023%
$ 46.1m
Steven Black
Independent Chairman3.9yrsUS$599.77k0%
$ 0
Ronald Sargent
Independent Director7.1yrsUS$390.02k0.00051%
$ 1.0m
Theodore Craver
Independent Director6.2yrsUS$400.02k0.00094%
$ 1.9m
Wayne Hewett
Independent Director5.2yrsUS$365.02k0%
$ 0
Bettina von Hagen
Member of Environmental Advisory Board18yrsno datano data
Charles Kennel
Member of Environmental Advisory Board18yrsno datano data
Randall LaBauve
Member of Environmental Advisory Board18yrsno datano data
David Hudnall
Member of Environmental Advisory Board18yrsno datano data
Forescee Hogan-Rowles
Member of Environmental Advisory Board18yrsno datano data
Jean Pogge
Member of Environmental Advisory Board18yrsno datano data
Maria Morris
Independent Director6.2yrsUS$425.02k0.00012%
$ 244.8k

12.5yrs

Average Tenure

63.5yo

Average Age

Experienced Board: WFC's board of directors are seasoned and experienced ( 12.5 years average tenure).


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