So, the BoA CEO TAKES 3% PAYCUT, WHILE #WFC CEO GETS 18% RAISE!
How and why is this possible. What has WF’s CEO done to justify this raise. Seems the senile BOD is doubling down on their false narrative regarding Wells Fargo’s CEO. There is absolutely NO JUSTIFICATION for this raise, or last years either.
The facts are that Schartman has not delivered deserves a “Needs Improvement” rating! His compensation should not be aligned to other banks, because Wells is not like any other bank.
It’s insulting that he was rewarded millions again this year for offshore American jobs, accruing, multi billion dollar fines, and still operating under an asset cap! How can he be rewarded millions of dollars when he has not achieved any milestone Or regulatory obligation, since he has been hired!
These are no longer legacy issues. These issues should have been solved, and the acid should’ve been lifted if the bank truly had an effective CEO. When in fact, it doesn’t. Keep letting the senile BOD drive this false narrative. Shareholders, customers, and anyone affiliated with this bank should be PO’d. This is greed and inequality at its finest.