Ben Eisen

Wells Fargo paid its chief executive $29 million last year, an 18% raise from a year earlier. Charlie Scharf, now in his fifth year running the bank, earned a base salary of $2.5 million, as well as a cash bonus of $6.

Bank of America CEO Brian Moynihan took a slight pay cut last year as the bank's profit fell. He earned $29 million in 2023, down from $30 million in 2022 and $32 million in 2021. As in previous years, he earned a base salary of $1.

Ben Eisen is a senior fellow with the Fraser Institute's Ontario Prosperity Initiative.

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