The Wall Street Journal: Wells Fargo CEO made $17.4 million in 2017, 291 times company’s median salary

Wells Fargo & Co. awarded Chief Executive Timothy Sloan $17.4 million in compensation for 2017, his first full year leading the embattled bank.

Sloan received $2.4 million in base pay, with a bonus that included shares valued at $15 million. He didn’t receive a cash bonus, though other top executives did.

Sloan’s pay package for 2017 was the lowest compensation for a major U.S. bank executive. But it represented a 36% increase from his total pay package in 2016, when he received $12.83 million. Sloan was promoted to CEO in October 2016, shortly after a scandal erupted over the bank’s sales practices.

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