Wells Fargo ~ Charles Scharf
Wells Fargo (NYSE: WFC) $215.b Charles Scharf $$$$ named CEO President joins Board x- Bank of NY Mellon COB CEO, Visa, JPMorgan Chase https://www.wellsfargo.com/about/corporate/governance/
$$$$ Base salary $2,500,000;
Annual Bonus 0% to 300% of base with target bonus of 200%; 2019 Bonus $5,000,000 minus what you receive from prior employer for Bonus in 2019;
Annual LTI award target Performance Shares valued at $15,500,000;
Replacement of Forfeited Awards with aggregate value of $25,982,686 granted 570,421 Wells Fargo Restricted Share Rights 5-year vesting;
Participate in Wells Fargo’s non-qualified deferred compensation plan for highly compensated team members… you may elect to defer up to 80% of your base salary and incentive/bonus compensation;
Use of a car and driver for business purposes, new installation and regular maintenance of home security systems, and spousal travel to attend business-related events where spousal attendance is expected or customary. Corporate aircraft also is available for business and personal travel subject to the applicable Wells Fargo policy, and in the case of personal travel, subject to reimbursement of incremental costs in a manner agreed by the parties;
In addition, the CEO at Wells Fargo is identified as a “sensitive position.” This requires you to complete a two week or 10 consecutive working-day mandatory absence from the position responsibilities each calendar year to meet regulatory requirements;
In connection with your position, you will not be required to relocate or engage in travel that would result in a change to your current state of residence