Wells Fargo Management
Management criteria checks 3/4
Wells Fargo's CEO is Charlie Scharf, appointed in Oct 2019, has a tenure of 4.58 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 $48.57M. The average tenure of the management team and the board of directors is 3.6 years and 12.7 years respectively.
Key information
Charlie Scharf
Chief executive officer
US$26.0m
Total compensation
| CEO salary percentage | 9.6% |
| CEO tenure | 4.6yrs |
| CEO ownership | 0.02% |
| Management average tenure | 3.6yrs |
| Board average tenure | 12.7yrs |
Recent management updates
Recent updates
Wells 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 24
Wells 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 29Comparing Wells Fargo Series CC And DD Preferred Stocks
Mar 16Wells Fargo: A 6.2% Preferred Dividend Yield While Waiting For Decreasing Rates
Feb 03Wells Fargo: Not Much To Be Excited About
Jan 26Wells Fargo: Looking Even Uglier Under The Hood
Jan 19Wells Fargo Q4 Earnings Reinforce The Bullish Outlook
Jan 12Wells Fargo's Fiscal Q4 Earnings Will Offer An Insight Into 2024
Jan 02Wells Fargo: Value Investors Say 'Thank You', Mr. Market
Nov 29If EPS Growth Is Important To You, Wells Fargo (NYSE:WFC) Presents An Opportunity
Nov 24Wells Fargo: I Started To Buy The 6.8% Yielding Preferred Shares
Nov 18CEO 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$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 ($USD13.58M).
Compensation vs Earnings: Charlie's compensation has been consistent with company performance over the past year.
CEO
Charlie Scharf (58 yo)
4.6yrs
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 | 4.6yrs | US$25.97m | 0.023% $ 48.6m | |
| Senior EVP & CFO | 3.6yrs | US$12.45m | 0.0089% $ 18.8m | |
| Senior EVP & COO | 4.4yrs | US$10.40m | 0.0070% $ 14.9m | |
| Senior EVP and Co-CEO of Corporate & Investment Banking | no data | US$14.62m | 0.011% $ 22.9m | |
| Senior EVP and CEO of Wealth & Investment Management | 3.9yrs | US$10.25m | 0.0024% $ 5.1m | |
| Senior EVP & Head of Technology | less than a year | no data | 0.00053% $ 1.1m | |
| Chief Administrative Officer & Head of Global Operations | 3.9yrs | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Senior EVP & General Counsel | 4.2yrs | no data | 0.0040% $ 8.4m | |
| Chief Compliance Officer | 3.6yrs | no data | no data | |
| Chief Communications & Brand Officer | 1.7yrs | no data | no data | |
| Senior EVP & Head of Human Resources | 2.6yrs | no data | 0.0013% $ 2.7m |
3.6yrs
Average Tenure
53yo
Average Age
Experienced Management: WFC's management team is considered experienced (3.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.6yrs | US$25.97m | 0.023% $ 48.6m | |
| Independent Chairman | 4.1yrs | US$590.02k | 0% $ 0 | |
| Independent Director | 7.3yrs | US$390.02k | 0.00052% $ 1.1m | |
| Independent Director | 6.3yrs | US$400.02k | 0.00095% $ 2.0m | |
| Independent Director | 5.3yrs | US$365.02k | 0% $ 0 | |
| Member of Environmental Advisory Board | 18.2yrs | no data | no data | |
| Member of Environmental Advisory Board | 18.2yrs | no data | no data | |
| Member of Environmental Advisory Board | 18.2yrs | no data | no data | |
| Member of Environmental Advisory Board | 18.2yrs | no data | no data | |
| Member of Environmental Advisory Board | 18.2yrs | no data | no data | |
| Member of Environmental Advisory Board | 18.2yrs | no data | no data | |
| Independent Director | 6.3yrs | US$410.02k | 0.00012% $ 253.9k |
12.7yrs
Average Tenure
63.5yo
Average Age
Experienced Board: WFC's board of directors are seasoned and experienced ( 12.7 years average tenure).