Dealer-Supplier and Financial institution CEO Comp in 2023: Merrill, BofA, Wells Fargo and Extra

Compensation for CEOs at main monetary companies ranged from roughly $25 million to $35 million in 2023, with pay rising sharply for some and dropping for others.

Exactly how traders view govt compensation packages could rely, nevertheless, on which reported figures they contemplate.

Corporations have lengthy reported wage, incentive and different pay in abstract compensation tables, as required, of their filings with the Securities and Trade Fee, however these numbers don’t essentially mirror compensation paid for that yr. Abstract compensation tables embody oblique compensation, such because the change in pension worth.

So corporations additionally report adjusted figures, representing compensation instantly or truly paid for a given yr, usually pointing to those when highlighting CEO compensation of their annual studies.  

As Goldman Sachs notes in its current proxy assertion, SEC guidelines require companies to incorporate within the abstract compensation tables solely these equity-based awards granted in that yr, fairly than awards granted after year-end for companies carried out throughout the yr.

Money compensation should be reported for the yr earned, even when paid after year-end, Goldman notes, including that it sometimes grants inventory awards and money variable compensation for a yr after the yr’s finish.

The Wall Road Journal reported in 2023 that corporations have been getting ready to report, for the primary time, how a lot their executives have been truly being paid for a given yr, together with counting inventory award positive aspects and losses fairly than the worth given when awards have been granted. The charts under present each strategies of reporting CEO compensation, and the year-over-year modifications from 2023:

Listed here are the foremost monetary agency CEO pay figures now out there for 2023. These embody particulars from the abstract compensation tables, besides the place in any other case famous, plus the bottom-line options that the companies report. The executives are ranked by complete compensation for 2023.