Wells Fargo CEO's pay details spark pushback by some employees [Reuters (UK)]
JP Morgan Chase & Co. (JPM)
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Source: Reuters
Wells Fargo CEO's pay details spark pushback by some employees | Reuters 4 Min Read WASHINGTON/BOSTON (Reuters) - Wells Fargo & Co’s ( WFC.N ) disclosure of how its chief executive’s pay compares to the rest of its workforce has drawn criticism from some company employees ahead of the scandal-plagued bank’s annual shareholder meeting. More than a dozen employees made posts criticizing pay details the bank released in March, according to comments on an internal communications website seen by Reuters. Separately, a worker advocacy group said it plans to raise pay issues on Tuesday at the shareholder meeting in Des Moines, Iowa. Wells Fargo CEO Tim Sloan earned $17.6 million for 2017, according to its proxy filing, an estimated 291 times the median of the annual total compensation of all the bank’s workers. It is easy for Sloan to be optimistic about the future of the bank considering he is collecting a raise “on an already enormous salary,” wrote Vernes Rasidkadic, who left a job at W
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