Bank of America vs Wells Fargo — CEO Pay Comparison
Brian Moynihan (Bank of America) earns $18.0M more in total compensation than Charlie Scharf (Wells Fargo).
| Metric | Bank of AmericaBAC | Wells FargoWFC |
|---|---|---|
| CEO | Brian Moynihan | Charlie Scharf |
| Industry | Banks | Banks |
| Total Compensation | $30.0M | $12.0M |
| Base Salary | $3.0M | $1.2M |
| Stock Awards | $15.0M | $6.0M |
| Option Awards | $3.6M | $1.4M |
| Non-Equity Incentive | $4.5M | $1.8M |
| Pay-for-Performance Grade | D (45/100) | C (51/100) |
| CEO-Worker Pay Ratio | 462:1 | 185:1 |
| Median Worker Pay | $65K | $65K |
| Say-on-Pay Approval | 88.1% | 85.1% |
| 3yr Total Shareholder Return | +18.7% | -10.1% |
| Revenue | $98.6B | $82.6B |
| Market Cap | $350.0B | $200.0B |
| Employees | 213,000 | 227,363 |
Analysis
Brian Moynihan (Bank of America) earns $30.0M in total compensation, while Charlie Scharf (Wells Fargo) earns $12.0M. That is a difference of $18.0M.
On pay-for-performance alignment, Bank of America scores D (45/100) while Wells Fargo scores C (51/100). Wells Fargo's CEO compensation is better aligned with company performance.
Bank of America's CEO-to-worker pay ratio is 462:1 compared to Wells Fargo's 185:1. Shareholders approved CEO pay at 88.1% (Bank of America) and 85.1% (Wells Fargo).