Tuesday, March 22, 2011

Wells Fargo CEO Stumpf made $17.6 million in 2010

Wells Fargo CEO Stumpf made $17.6 million in 2010: "(By Rick Rothacker, rrothacker@charlotteobserver.com) Wells Fargo & Co. chief executive John Stumpf received $17.6 million in total compensation in 2010, an amount that could grow or shrink depending on company performance.

The total includes an $11 million grant of performance-based shares that will vest in 2013 if the company meets certain conditions, according to a proxy filing Monday. The value of the grant could increase or decrease depending on how the company fares, with the maximum value reaching about $16.5 million."