Here's How Much 9 Investment Firm CEOs Were Paid in 2023

Analysis

Compensation for CEOs at major financial firms ranged from roughly $25 million to $35 million in 2023, with pay rising sharply for some and dropping for others.

9. UBS Group AG

8. Citigroup

CEO: Jane Fraser

2023 Base Salary: $1.5 million

2023 Incentive/Other Compensation: $24.5 million

2023 Total compensation: $25.45 million

2022 Total Compensation: $22.06 million

2023 vs 2022 difference: $3.4 million (+15.4%)

Adjusted Totals

2023 Total compensation: $26 million

2022 Total Compensation: $24.5 million

Difference, 2023 vs. 2022: $1.5 million (+6%)

Credit: Bloomberg Jane Fraser, CEO of Citigroup Inc.

7. Goldman Sachs

CEO: David Solomon

2023 Base Salary: $2 million

2023 Incentive/Other Compensation: $24.7million

2023 Total Compensation: $26.67 million

2022 Total Compensation: $31.6 million

Difference, 2023 vs. 2022: $5 million (-15.6%)

Adjusted Totals

2023 Total Compensation: $31 million

2022 Total Compensation: $25 million

Difference, 2023 vs. 2022: $6 million (+24%)

Credit: Bloomberg

6. Raymond James

CEO: Paul Reilly

2023 Base Salary: $750,000

2023 Incentive/Other Compensation: $34.1 million

2023 Total Compensation: $34.9 million

2022 Total Compensation: $17.6 million

2023 vs 2022 difference: $17.3 million (+98%)

Adjusted Totals

2023 Total Compensation: $20.55 million

2022 Total Compensation: $19 million

Difference, 2023 vs. 2022: $1.55 million (+8%)

Credit: Raymond James

5. Ameriprise Financial

CEO: James Cracchiolo

2023 Base Salary: $1.24 million

2023 Incentive/Other Compensation: $27.13 million

2023 Total Compensation: $28.37 million

2022 Total Compensation: $22.84 million

Difference, 2023 vs. 2022: $5.5 million (+24%)

Adjusted Totals

2023 Total Compensation: $25.6 million

2022 Total Compensation: $25.15 million

2023 vs 2022 Difference: $470,000 (+1.86%)

Credit: Ameriprise

4. Wells Fargo

CEO: Charlie Scharf

2023 Base Salary: $2.5 million

2023 Incentive Compensation: $23.5 million in incentive and other pay

2023 Total Compensation: $25.96 million

2022 Total Compensation: $24.64 million

Difference, 2023 vs. 2022: $1.32 million (+5.3%)

Adjusted Totals (per Bloomberg)

2023 Total Compensation: $29 million

2022 Total Compensation: $24.5 million

Difference, 2023 vs. 2022: $4.5 million (+18%)

Credit: Bloomberg

3. Bank of America

CEO: Brian Moynihan

2023 Base Salary: $1.5 million

2023 Incentive and Other Compensation: $27.1 million

2023 Total Compensation: $28.57 million

2022 Total Compensation: $30.17 million

Difference, 2023 vs. 2022: $1.5 million (-5.3%)

Adjusted Totals

2023 Total Compensation: $29 million

2022 Total Compensation: $30 million

Difference, 2023 vs. 2022: $1 million (-3.3%)

Credit: Bloomberg

2. Morgan Stanley

CEO: James Gorman (stepped down as CEO in late 2023)

2023 Base Salary: $1.5 million

2023 Incentive Compensation: To be included in the proxy statement filed in April.

2023 Total Compensation: $37 million

2022 Total Compensation: $31.5 million (per WSJ)

Difference, 2023 vs. 2022: $5.5 million (+17%)

(Morgan Stanley has not yet released its 2024 proxy with 2023 summary compensation table yet. This data comes from an 8-K filing and media reports.)

Credit: Bloomberg