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Wells Fargo CEO Sloan's pay rose 35 percent in 2017 to $17.6 million


(Reuters) - Wells Fargo & Co Chief Executive Officer Tim Sloan's total compensation for 2017 was $17.6 million, about 35 percent higher than the previous year, the third largest U.S. bank said in a regulatory filing on Wednesday.Sloan was named to Wells Fargo's top job in October 2016 after former CEO John Stumpf was forced to resign in the aftermath of a high-profile sales scandal that has hurt the bank's reputation and hampered its cost-cutting efforts.Sloan said in January that Wells Fargo was not certain it had fully uncovered and fixed all problems related to the ...

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First Published: Thu, March 15 2018. 02:44 IST