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Charles W. Scharf (born April 24, 1965) [1] is an American investment banker and business executive who is the chief executive officer and president of Wells Fargo. He was previously the CEO of Visa Inc. [2] and BNY. [3] [4]
Under Davis' leadership, U.S. Bank earned the 2011 Spirit of America Award, the highest honor bestowed upon a company by United Way. [15] U.S. Bancorp was awarded the 2013 Freedom Award, the highest recognition given by the U.S. Department of Defense to employers for their support of employees who serve in the National Guard and Reserve . [ 16 ]
From 1994 to 1998 he was regional president for Norwest Bank Texas. During his four years in that position, he led Norwest's acquisition of 30 Texas banks with total assets of more than $13 billion. [7] Norwest merged with Wells Fargo in 1998. Norwest was the nominal survivor, but the merged bank retained the Wells Fargo name.
In 2016, which was Schiller's last full year as president and CEO, he earned a base salary of $910,000, a $568,750 bonus, $1.5 million in nonequity incentive plan compensation, $1.2 million in ...
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According to updated economic forecasts from the Fed's Summary of Economic Projections (SEP), central bank leaders see core inflation hitting 2.5% in 2025 — higher than September's projection of ...