Wells Fargo paid its chief executive $29m last year, an 18% raise from a year earlier.

Charlie Scharf, now in his fifth year running the bank, earned a base salary of $2.5m, as well as a cash bonus of $6.6m, according to a filing made public on 25 January. The remaining $19.9m is long-term incentive compensation that vests over time and is paid in common stock.