Wells Fargo Executives Win Support for Bigger Paychecks
- Compensation package gets 92.4% approval from bank investors
- Protesters decry company’s reform effort in wake of scandals
Wells Fargo CEO Should Resign, Says California Treasurer John Chiang
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Wells Fargo & Co.’s leaders deserve fatter paychecks after a tough year, according to investors.
Shareholders voted Tuesday 92.4 percent in favor of the bank’s executive compensation plan, based on preliminary results released at Wells Fargo’s annual meeting in Des Moines, Iowa. The outcome is a sign of support for management despite more than two hours of at-times heated commentary at the event.