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Wells Fargo Holds CEO Scharf’s Pay at $24.5 Million for 2022

Charlie Scharf

Charlie Scharf

Photographer: Al Drago/Bloomberg

Wells Fargo & Co. kept Chief Executive Officer Charlie Scharf’s pay at $24.5 million for 2022, a year in which both profit and stock tumbled and the bank continued to grapple with the fallout from a raft of scandals.

Scharf’s package comprised $2.5 million of salary and $22 million in incentives, according to a filing on Thursday. The CEO asked the board not to give him a raise because of the work left to be completed in overhauling the company.