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[Former] Wells Fargo CEO John Stumpf made 473 times more than the salary of a median employee, according to Bloomberg. That ratio of CEO-to-employee pay puts We
by pm24601 9y ago
[Former] Wells Fargo CEO John Stumpf made 473 times more than the salary of a median employee, according to Bloomberg. That ratio of CEO-to-employee pay puts Wells Fargo at No. 33 among S&P 500 companies and third highest among financial institutions on the list. He earned $19.3 million in total compensation last year.
Add in the other highly paid C-level people in WFC and
Split that with the median paid and below employees would mean about $3000/year.
For a full-time teller making about $30K/year that is a 10% salary difference.
I do call that much more than a "small" raise.
- deleted 9y ago[deleted]
- cottonpicker 9y agoBut the median-wage Wells Fargo employee is a crook who defrauds Wells Fargo employees. It is not right that those employees should profit from abusing customers. Clearly, top-tier executives should be the ones to profit from this.
- pm24601 9y agoCorrection: > Wells Fargo employee is a scapegoat
- kelnos 9y agoRight, but you wouldn't split it equally. You'd split it proportionally based on what each employee actually makes, so the $30k/yr employee would get less than a $3k raise.