News Regulators 

Wells Fargo CEO’s pay raise draws rare Fed response

“Wells Fargo gave Chief Executive Tim Sloan a 5 percent pay raise for 2018, prompting the Federal Reserve to release a statement saying that it does not sign off on executive pay” reports nypost.com. We expect boards of directors to hold management accountable,” said a Fed spokesperson in an emailed statement when asked about the bank’s new executive compensation numbers.
 
Source: nypost.com



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