Wells Fargo Awards CEO John Stumpf $19.8 Million Pay Package
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Wells Fargo & Co. gave Chairman and Chief Executive Officer John Stumpf compensation valued at $19.8 million in 2011 as the company posted record profit and became the U.S. bank with the highest market value.
Stumpf got a 4.6 percent raise from 2010, the company said in a regulatory filing today. The package included $2.8 million in salary, $12 million in stock awards and a $3.1 million annual incentive, with $1.9 million from changes in a retirement account, the San Francisco-based company said.