What, sticking it to a bank! Let me think about this. Ponder, ponder. Yeah, sure. Deliverance style be a nice touch.
Ah, you TOO can be in the know. The total remuneration for the top 5 execs at any publicly traded company is reported in the proxy, aka the SEC def14A
So lets look at Stumpf’s compensation plan (page 7):
Base Salary: $2,800,000
Bonus: $4,000,000 (A portion of the annual incentive award amount for our CEO was paid in RSRs that vest over three years. See pp. 48-50.). RSR’s are restricted stock units. That means he did not get cash, he got shares that would vest over time.
Value of Performance Shares: $12,500,000 (Dollar value on date of grant of 2015 Performance Shares at “target.” Actual pay delivered or realized for Performance Shares will be determined in the first quarter of 2018 and may range from zero to 150% of the target shares, depending on Company performance.)
TOTAL: $19,300,000
So now lets look at the stock he already owns:
Shares outright owned: 1,618,474
Vested Options: 3,777,328 - exercise price ranges from $31.40 - 35.06 - so worth $10-15 per share at today’s close.
Common Stock Units in the 401k Plan: 75,792
TOTAL: 5,471,594
Stumpf ALSO has the following in Restricted Stock and Performance Shares (I noted the source of those above):
Restricted Shares: 37,201
Performance Shares: 857,894
So the $41 million worth of unvested shares SOUNDS like a lot, but compared to what he has in total that has been granted over a time when there was fraud in the branches? It is a slap on the wrist.
Once again:
“Wells Fargo Bank NA” is a name that has been bought at least twice.
The current owner of that name is Norwest.
If your bank buys WFB, you get to move to San Francisco! Beats the Hell out of Minneapolis!
(same thing happened to Bank of America - also founded in SF - but I dislike BofA)
And just to put icing on the cake, Wells Fargo also illegally repossessed the carsof 413 military service members.
And Stumpf is outta there!
I wonder if he’ll still be a customer of Wells Fargo?
And only a measly $134 million dollar payout!
He resigned. That’s crap. He should have been fired, publicly and with all due humiliation.
Fired by whom, the board that he’s chairman of?
Based on their history he will probably have some Wells accounts whether he wanted them or not! 
It’s interesting that they’re suddenly changing course. Why now?
I’m curious to know about the fired low-level employees who made up the 5300. Can they file a class-action lawsuit?
A settlement has been reached. $110 million for the customers.
How much for the lawyers?
Probably 80% of that.
Eh, you can have 'em.