Wells Fargo announced in March that its CEO Tim Sloan got a pay rise last year. He pulled in $18.4 million during 2018 – about $900,000 more than the previous year.
According to data from Barron’s, the chief executives at Goldman Sachs, Bank of America, Citi, Morgan Stanley, JPMorgan and Wells Fargo collectively earned $152 million last year – more than that of 2008, but not quite the heady peak of 2007 when it was $212 million.
Top earner
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Jamie Dimon, |
During the same month, Abigail Disney, the granddaughter of the co-founder of Walt Disney, spoke out about CEO compensation being too high across corporate America.
A long-time proponent of higher taxes for the rich and for more sensible executive compensation, she said in an interview that “no one on earth, [not even] Jesus Christ himself” is worth “500 times a median worker’s pay”.
Notwithstanding the fact that Christ may or may not have paid employees, based on her calculations, Dimon is still just within reasonable limits.