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Wells Fargo CEO's 2017 pay jumps 35 percent to $17.6 million


(Reuters) - Wells Fargo & Co Chief Executive Tim Sloan's made $17.6 million in 2017, up 35 percent from the previous year, despite opting out of the bank's annual incentive plan.The third-largest U.S. bank is looking to rebuild its reputation following a 2016 scandal that involved thousands of Wells Fargo employees opening perhaps millions of unauthorized customer accounts. Sloan, who said in January that the bank was not certain it had fully uncovered and fixed all problems related to the scandal, was among the top executives who did not receive cash bonuses for 2016. ...

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First Published: Thu, March 15 2018. 03:58 IST