Top CEO bags $19.3m in 2013

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Wells Fargo, which reported more profit than any other U.S. bank in 2013, left CEO John Stumpf’s annual compensation unchanged at $19.3m.

Bloomberg reports that Stumpf, 60, received $2.8m in salary for his work last year, plus a $4m bonus and $12.5m in long-term equity incentive awards, the bank said today in a filing with the U.S. Securities and Exchange Commission.

Wells Fargo shares rose 33% last year. While that trailed the 35% advance for the KBW Bank Index, Wells Fargo is the most valuable bank based on stock-market valuation. Profit was $21.9bn in 2013, the first time Stumpf’s bank earned more than JPMorgan, the biggest by assets in the U.S., which posted income of $17.9bn.

To access the complete Bloomberg article hit the link below:

Wells Fargo Leaves Stumpf's 2013 Pay Unchanged

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