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Wells Fargo Scores The Latest Narrow Win for CEO Pay

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(Reuters) -Wells Fargo & Co's executive pay plan for 2020 received backing from only about 57% of investor votes on Tuesday, a narrow win for the company and the latest evidence of the tougher scrutiny that shareholders are putting on CEO compensation this year. CEO and President Charles Scharf was paid $20.4 million in 2020, down from $34.3 million in 2019, when he was first named to lead the bank, according to the company's proxy statement filed in March...

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