Wells Fargo & Co. kept its chief executive’s pay flat last year while he dealt with the bank’s extensive regulatory problems: Charles Scharf, now in his fourth year running the bank, earned $24.5 million in 2022, level with what he made in 2021
Economists and financial analysts look at bank earnings to get a sense of the economy’s health. WSJ’s Telis Demos explains how inflation as well as recession concerns can be reflected in their results.
Illustration: Lorie HiroseWells Fargo & Co. kept its chief executive’s pay flat last year while he dealt with the bank’s extensive regulatory problems.That included base pay of $2.5 million, as well as a cash bonus of $5.4 million, according to a filing made public on Thursday.
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