Wells Fargo has cancelled the $15 million stock bonus awarded to its former CEO Tim Sloan amid sustained Congressional scrutiny on the company and an effort by Sloan successor Charlie Scharf to turn the page at the embattled San Francisco bank. The bank also did not offer Sloan severance or annual incentive pay for his 2019 performance, according to an SEC filing. Sloan stepped down from the position in March 2019 before officially retiring from the company in June 2019. Even with the cancelled…
from https://www.bizjournals.com/baltimore/news/2020/03/18/wells-fargo-claws-back-ex-ceo-tim-sloans-15.html?ana=RSS&s=article_search
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