Wells Fargo CEO Stumpf gets raise to $23M, has been paid $61M in last 3 years

Ed Stych^[1]

Web Producer- Minneapolis / St. Paul Business Journal

This email address is being protected from spambots. You need JavaScript enabled to view it.^[2]  | Twitter^[3]  | Google+^[4]  | LinkedIn^[5]

Top six Wells Fargo executives made more than $70 million combined last year.

Tracking the pay of Minnesota’s business leaders

John Stumpf

CEO

Wells Fargo (NYSE: WFC)

• Headquarters: San Francisco
• Business: Bank

Total pay

• 2012: $22.87 million, up 15 percent
• 2011: $19.84 million
• 2010: $18.97 million

Base salary

• 2012: $2,8 million
• 2011: $2.8 million

Bonus

Incentive pay

• 2012: $4 million
• 2011: $3.1 million

Stock awards

• 2012: $12.5 million
• 2011: $12 million

Option awards

Change in pension value

• 2012: $3.56 million
• 2011: $1.93 million

Other compensation

• 2012: $15,000
• 2011: $15,000

Total compensation for other highly-compensated executives:

• Timothy Sloan^[6], chief financial officer: $9 million, up 8 percent
• David Carroll^[7], senior executive vice president, Wealth, Brokerage & Retirement: $8.61 million, up 7 percent
• David Hoyt^[8], senior executive vice president, Wholesale Banking: $12.84 million, up 22 percent
• Avid Modjtabai^[9], senior executive vice president, Consumer Lending: $8.57 million (first year salary was reported)
• Carrie Tolstedt^[10], senior executive vice president, Community Banking: $8.85 million, up 2 percent

Notes

Data comes from documents filed with the U.S. Securities and Exchange Commission^[11].

Ed Stych reports on Twin Cities breaking business news for MSPBJ.com, manages online features, and writes the Fast 50 Diary features for the print edition.

References

1. ^{^} Ed Stych (feeds.bizjournals.com)
2. ^{^} This email address is being protected from spambots. You need JavaScript enabled to view it. (feeds.bizjournals.com)
3. ^{^} Twitter (twitter.com)
4. ^{^} Google+ (plus.google.com)
5. ^{^} LinkedIn (www.linkedin.com)
6. ^{^} Timothy Sloan (feeds.bizjournals.com)
7. ^{^} David Carroll (feeds.bizjournals.com)
8. ^{^} David Hoyt (feeds.bizjournals.com)
9. ^{^} Avid Modjtabai (feeds.bizjournals.com)
10. ^{^} Carrie Tolstedt (feeds.bizjournals.com)
11. ^{^} U.S. Securities and Exchange Commission (www.bizjournals.com)