Bank of New York Mellon CEO Charles Scharf's 2018 pay falls 45% to $9.4M
Bank of New York Mellon reports 2018 executive compensation
By ExecPay News
Published: March 8, 2019
Bank of New York Mellon reported fiscal year 2018 executive compensation information on March 8, 2019.
In 2018, six executives at Bank of New York Mellon received on average a compensation package of $6.9M, a 40% decrease compared to previous year.
Average pay of disclosed executives at Bank of New York Mellon
Charles W. Scharf, Chief Executive Officer, received $9.4M in total, which decreased by 45% compared to 2017. 45% of Scharf's compensation, or $4.2M, was in non-equity incentive plan. Scharf also received $1.3M in salary, $3.9M in stock awards, as well as $64K in other compensation.
For fiscal year 2018, the median employee pay was $61,380 at Bank of New York Mellon. Therefore, the ratio of Charles W. Scharf's pay to the median employee pay was 153 to one.
Mitchell E. Harris, Chief Executive Officer, received a compensation package of $8.9M, which increased by 17% compared to previous year. 70% of the compensation package, or $6.2M, was in stock awards.
Thomas P. Todd Gibbons, Chief Executive Officer, earned $7.5M in 2018, a 15% decrease compared to previous year.
Thomas P. Todd, Chief Executive Officer, received $7.4M in 2018, which decreases by 15% compared to 2017.
Bridget E. Engle, Senior Executive Vice President & Chief Information Officer, earned $5.6M in 2018, a 44% decrease compared to previous year.
Michael P. Santomassimo, Chief Financial Officer, received $2.6M in 2018.
Related executives
Charles Scharf
Bank of New York Mellon
Chief Executive Officer
Michael Santomassimo
Bank of New York Mellon
Chief Financial Officer
Bridget Engle
Bank of New York Mellon
Chief Operations & Technology Officer
Thomas Todd
Bank of New York Mellon
Chief Executive Officer
Mitchell Harris
Bank of New York Mellon
Chief Executive Officer
Thomas Gibbons
Bank of New York Mellon
Chief Executive Officer
You may also like
Source: SEC filing on March 8, 2019.