Wells Fargo's CEO's pay remains unchanged - $19.3m

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Wells Fargo left Chief Executive Officer John Stumpf’s pay unchanged at $19.3m after the firm generated a bigger profit than any other U.S. bank for a second straight year.

Bloomberg News reports that the Stumpf got $12.5m in long-term equity incentive awards and a $4m bonus for 2014 on top of his $2.8m salary, the lender said Tuesday in a regulatory filing. It had awarded him the same total for each of the preceding two years.

There was no raise in January for JPMorgan CEO Jamie Dimon, whose pay had almost doubled to $20m a year earlier. While Goldman Sachs awarded CEO Lloyd Blankfein a $24m package for 2014, it hasn’t said yet whether he’s getting a long-term incentive that amounted to $6m last year. Bank of America cut Brian T. Moynihan’s pay 7.1% to $13m, while Citigroup reduced Michael Corbat’s by 9% to about $13.2m.

To access the complete Bloomberg News article hit the link below:

Wells Fargo Leaves CEO Stumpf’s Pay Unchanged at $19.3 Million

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