Wells Fargo CFO Atkins May Receive $22 Million After Resigning
This article is for subscribers only.
Wells Fargo & Co. former Chief Financial Officer Howard Atkins may be eligible to receive more than $22 million in compensation and benefits upon his official retirement in August.
Atkins will be paid about $9.25 million in deferred compensation and pension benefits, according to a company proxy filing and an analysis conducted by Equilar Inc., a Redwood City, California-based executive-pay researcher. He may get another $13.2 million in restricted stock and options that will vest over the next few years, Oscar Suris, a Wells Fargo spokesman, said yesterday in a telephone interview.