Daily Archives: July 19, 2015

Report: Wells Fargo’s John Stumpf no longer highest-paid bank CEO


This guy is….

Wells Fargo’s John Stumpf has lost his title as highest-paid U.S. bank CEO, a distinction now held by the chief executive of rival lender JPMorgan Chase & Co.

JPMorgan CEO Jamie Dimon was awarded the most compensation in 2014, knocking Stumpf down to second place, according to a report released last week by data firm SNL Financial. The annual report ranks the 10 bank CEOs who received the largest total pay packages, which includes base salary, bonuses and stock awards.

Bank of America CEO Brian Moynihan’s sixth-place ranking was unchanged. Kelly King, CEO of Winston-Salem-based BB&T, fell to ninth place from seventh place.

Stumpf’s total compensation rose to $21.4 million, from $19.3 million in total compensation for 2013.

Dimon ranked ninth in 2013 for his total compensation of $11.8 million. According to SNL, Dimon received no bonus and no stock options in 2013, during which JPMorgan recorded a $380 million loss in the third quarter.