The CEO of one of the world’s biggest banks, who recently earned $1 million as the largest ever executive compensation, has had his pay rise in line with inflation, as reported by The Wall Street Journal.
John Stumpf, who was CEO of American Express from 2011 to 2016, made $6.7m last year, according to the Wall Street Post.
He was also a co-founder of the financial firm before he joined American Express.
In December 2016, Stumpff was named to the US Senate Banking Committee for his role in the 2008-2009 financial crisis, as part of a bipartisan bill that sought to rein in the banks.
The Senate legislation was defeated, but in 2017, Stumps compensation was increased, the Post reported.
Stumpfs pay is now $1,733,800, according the Wall St. Journal.
Stumps pay was made on the same day that the company announced that it was making $7.6bn in quarterly revenue, a record for American Express in 2017.
He also made $1m in the first quarter of 2018, as he and other executives announced plans to increase bonuses.
Stumpf will become the largest CEO ever in the US, according a new report by the American Council for an Open Society.
Stamps compensation will rise by $2.2m from his $1million pay increase last year.
American Express CEO John Stumps salary rises by $6 million in 2017 American Express CEO John Stumpys salary rose by $7 million in 2017.
The increase in pay is significant, as the company has seen a steady stream of CEO pay hikes in recent years.
In 2017, the CEO of the United Kingdom’s Barclays paid $7m to join the bank, according to The Economist.
In 2018, the bank made $2bn in revenue, and was ranked #6 on the world revenue ranking.
The bank was also ranked #10 on the list of the biggest US banks in the world.
The Wall St Journal reported that the CEO pay of the bank’s CEO has been rising at an annual rate of 3.5% since the end of 2017.
The CEO pay for StumpFs successor, Tim Sloan, was only $3.4m last summer.
The pay of Sloan was made to coincide with his new title as CEO of Bank of America.
Sloan’s new salary will see him earn $6m this year, making him the highest-paid chief executive of the American Express Group.
American Equities CEO Timothy Sloan is expected to make $7.2 million this year.
American Equities is the largest bank in the United States.
Its CEO, Timothy Sloan, earned $734,500 in 2018, according to the New York Times.
The bank has been the target of a number of high-profile investigations.
In May 2017, Wells Fargo was hit with a class-action lawsuit that alleged that it facilitated an institutional conspiracy to rig the market for profit institutions, such as the Banks for America, New Century and American Bank.
Wells Fargo said that it would settle the suit with $25bn in fines.
The US Securities and Exchange Commission announced in August that it had filed charges against Bank of America and Capital One, alleging that they were responsible for an “alleged scheme to manipulate and conceal the prices and yields of US mortgage-backed securities.”
On Wednesday, the US Justice Department announced a criminal investigation into the bank’s executive compensation practices.
On Tuesday, Wells Fargo was hit with a class-actions lawsuit that claimed that the bank did not adequately adequate the compensation for its executives, according ABC News.
The complaint says that Wells Fargo paid its top executives more than $10m in bonuses in 2017 alone, but did not give any accounts to employees about the amount.
The lawsuit said that CEO Tim Sloan received $4.2mn in execution bonuses from the bank in 2017 and that he received a substantial amount of pay in 2019 alone.
Last month, the Federal Reserve announced that it would investigate whether Wells Fargo broke federal securities laws by paying more than $6bn in bonuses to its top executives in 2017 and 2018.
However, Wells Fargo is likely to face more scrutiny from the Government when it comes to the pay of its top executive in the next few months.
“The United States Government will be investigating whether the American Bank has violated federal law by paying bonuses in excess