The Haves and the Have Yachts

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Oh to be a big firm boss.

Reuters reports that Wells Fargo CEO John Stumpf's pay increased 8% in 2012, making him one of the industry's best-paid leaders, according to a filing with the U.S. Securities and Exchange Commission on Thursday.

Stumpf received $19.3m in compensation, comprising a $4m bonus, $12.5m in performance-based stock grants and $2.8m in salary , after the No. 4 U.S. bank by assets hauled in record profits. For 2011, Stumpf received total compensation of $17.9m.

In the meantime, The Wall Street Journal reports that the three founders of Carlyle Group together collected about $172m in dividends on their big shareholdings in the private-equity firm during the first year it became a public company, according to a securities filing.

The trio's 2012 compensation, meanwhile, was reduced as the men gave up bonuses paid in earlier years and each took home salaries of $275,000 and collected 401(k) contributions of $6,250 apiece.

In 2011, the men - David Rubenstein, William Conway Jr. and Daniel A. D'Aniello - each received compensation valued at about $3.8m, according to the filing.

And The Financial Times reports that anger is simmering over the revelation that banker Andrea Orcel received some $26m in compensation from UBS for last year, much paid to buy out the unvested stock and options he had with his previous employer, Bank of America.

'If you look around the world, the banking industry is shrinking. There is a smaller pool of jobs for people to do which should put downward pressure on salaries. In that context, ($26m) is a lot of money. I don’t think it will go down well with the public', one Swiss analyst told the newspaper.

Finally, Citigroup, Wells Fargo and Capital One Financial Corp. agreed to change their pay policies to make it easier to recover compensation from executives involved in misconduct.

Employees responsible for serious financial or reputational harm to a company as well as their supervisors are now subject to pay clawbacks under agreements the three banks reached with New York Comptroller John C. Liu, the city official said in a statement. The policies are similar to a deal Liu reached last year with Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co., according to the statement.

Wells Fargo CEO's pay rose 8 percent to $19.3 million - filing

Carlyle Founders' 2012 Compensation Reduced to $281,250 from $3.8M - Filing (subscriber content)

Anger simmers again over UBS bankers’ pay (subscriber content)

Citigroup, Wells Fargo Reach Clawback Deal With New York

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