Highest Paid Financial Services CEOs in 2020


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15. Richard D. Fairbank

Society: Capital One Financial. (COF)

Rank (across industries): 94

Remuneration for 2020: $ 20,115,823


Change compared to the previous year: 161%
CEO compensation ratio to median employee: 241: 1
Annual turnover of the company: $ 18.3 billion
Change in income: -18%

(Photo: Marvin Joseph / The Washington Post / Getty Images)

14. Gregory C.

Society: Aon (AON)

Remuneration for 2020: $ 20,294,496

Rank (across industries): 91

Change compared to the previous year: 27%

CEO compensation ratio to median employee: 251: 1

Annual turnover of the company: $ 11.1 billion

Annual turnover of the company: 0%

(Photo: Bloomberg)

13. Evan G. Greenberg

Society: Chubb (CB)

Rank (across industries): 89

Remuneration for 2020: $ 20,328,167

Change compared to the previous year: -1%

CEO compensation ratio to median employee: 282: 1

Annual turnover of the company: $ 36 billion

Annual turnover of the company: 5%

(Photo: Chubb)

12. Charles W. Scharf

Society: Wells Fargo (WFC)

Rank (across industries): 88

Remuneration for 2020: $ 20,392,046

Change compared to the previous year: n / A

CEO compensation ratio to median employee: 274: 1

Annual turnover of the company: $ 58.3 billion

Annual turnover of the company: -29%

(Photo: Diego M. Radzinschi / ALM)

11. John Haley

Society: Willis Towers Watson (WLTW)

Rank (across industries): 87

Remuneration for 2020: $ 20,544,450

Change compared to the previous year: 11%

CEO compensation ratio to median employee: 297: 1

Annual turnover of the company: $ 9.4 billion

Annual turnover of the company: 3%

(Photo: Willis Towers Watson)

10. Ajay Banga

Society: Mastercard (MA)

Rank (across industries): 74

Remuneration for 2020: $ 22,244,748

Change compared to the previous year: -4%

CEO compensation ratio to median employee: 210: 1

Annual turnover of the company: $ 15.3 billion

Annual turnover of the company: -9%

(Photo: Flickr)

9. Michel Corbat

Society: Citigroup (C)

Rank (across industries): 68

Remuneration for 2020: $ 22,980,176

Change compared to the previous year: -ten%

CEO compensation ratio to median employee: 420: 1

Annual turnover of the company: $ 58.4 billion

Annual turnover of the company: -12%

(Photo: Diego M. Radzinschi / ALM)

8. Daniel H. Schulman

Society: PayPal (PYPL)

Rank (across industries): 61

Remuneration for 2020: $ 23,362,072

Change compared to the previous year: -ten%

CEO compensation ratio to median employee: 278: 1

Annual turnover of the company: $ 21.5 billion

Annual turnover of the company: 21%

(Photo: PayPal)

7. David M. Salomon

Society: Goldman Sachs (GS)

Rank (across industries): 57

Remuneration for 2020: $ 23,940,465

Change compared to the previous year: -3%

CEO compensation ratio to median employee: 172: 1

Annual turnover of the company: $ 41.5 billion

Annual turnover of the company: 17%

(Photo: Diego M. Radzinschi / ALM)

6. Stephen J. Squeri

Society: American Express (AXP)

Rank (across industries): 55

Remuneration for 2020: $ 24,156,744

Change compared to the previous year: 2%

CEO compensation ratio to median employee: 396: 1

Annual turnover of the company: $ 31.4 billion

Annual turnover of the company: -22%

5. Brian T. Moynihan

Society: Bank of America (BAC)

Rank (across industries): 51

Remuneration for 2020: $ 25,266,597

Change compared to the previous year: -1%

CEO compensation ratio to median employee: 274: 1

Annual turnover of the company: $ 74.2 billion

Annual turnover of the company: -15%

(Photo: Diego M. Radzinschi / ALM)

4. Alfred F. Kelly Jr.

Society: Visa (V)

Rank (across industries): 44

Remuneration for 2020: $ 26,364,928

Change compared to the previous year: 9%

CEO compensation ratio to median employee: 195: 1

Annual turnover of the company: $ 21.8 billion

Annual turnover of the company: -5%

(Photo: Bloomberg)

3. Laurence D. Fink

Society: BlackRock (BLK)

Rank (across industries): 39

Remuneration for 2020: $ 27,356,432

Change compared to the previous year: 13%

CEO compensation ratio to median employee: 186: 1

Annual turnover of the company: $ 16.2 billion

Annual turnover of the company: 11%

(Photo: Justin Chin / Bloomberg)

2. James P. Gorman

Society: Morgan Stanley (United States)

Rank (across industries): 34

Remuneration for 2020: $ 29,544,691

Change compared to the previous year: -7%

CEO compensation ratio to median employee: 234: 1

Annual turnover of the company: $ 48.2 billion


Annual turnover of the company: 16%

(Photo: Diego M. Radzinschi / ALM)

1. Jamie Dimon

Society: JPMorgan Chase (JPM)

Rank (across industries): 32

Remuneration for 2020: $ 31,642,709

Change compared to the previous year: 0%

CEO compensation ratio to median employee: 395: 1

Annual turnover of the company: $ 102.1 billion

Change in income: -7%

(Photo: Diego M. Radzinschi / ALM)

With regard to executive compensation, increases continued during fiscal year 2020 as if the pandemic did not besiege the country, according to the 14th edition of the Equilar 200, published in partnership with The New York Times.

The report analyzes CEO compensation among U.S. public companies with revenues exceeding $ 1 billion.

Equilar explained in a statement that CEO compensation has increased in large part because compensation is awarded primarily through equity or the right to earn shares of the company, or by continuing to hold the position (in time function) or by meeting unique detailed benchmarks. (performance based).

According to the report, the top earners on this year’s elite list often receive multi-year capital grants intended to be paid over an extended period; 2020 was no different.

These awards are reported to the Securities and Exchange Commission as a total value based on the stock price on the date they are awarded, regardless of the time horizon over which they may be earned.

In cases where a CEO is awarded such a salary, he or she will rarely appear as high on the list in the next edition, Equilar noted in a statement.

In other words, executive compensation reporting is primarily forward-looking. This means that the ravages of the pandemic are unlikely to be reflected largely in salaries in 2020, especially among larger companies.

See the gallery above for the 15 Highest Paid CEOs in Financial Services.

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