--- title: Wells Fargo CEO Could Get $134 Million on His Way Out description: John Stumpf, Wells Fargo's beleaguered CEO, is retiring with a golden parachute estimated at $134 million. authors: - name: Kristen Bahler role: Managing Editor url: https://money.com/author/kristen-bahler/ bio: Kristen Bahler has spent more than a decade turning culture, work and consumer spending trends into conversation-driving stories. Today, she leads Money's sponsored content channel and reader-favorite franchises like Best Places to Live and Best Places to Travel. education: Northeastern University, MA Journalism at_money_since: 2016 articles: 52 covers: - Business - Banking - Career Advice - Credit - Credit Cards - Economy and Politics - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Retirement - Shopping - Taxes - Technology social: - https://www.linkedin.com/in/kristen-bahler/ published: '2016-10-13T14:09:08.000Z' modified: '2024-05-16T11:51:13.000Z' section: Business tags: - bank - Banking - credit card - fraud - Investing - John Stumpf - pubdesk - Wells Fargo word_count: 221 canonical: https://money.com/john-stumpf-wells-fargo-exit-package/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Wells Fargo CEO John Stumpf Testifies To The House Financial Services Committee](https://img.money.com/2016/10/gettyimages-611410678.jpg) *John Stumpf, CEO of Wells Fargo & Co., at a Financial Services Committee hearing in Washington, D.C., on Thursday, Sept. 29, 2016.* It may come as little surprise that Wells Fargo's CEO is leaving the company following the fake account scandal affecting millions of customers, but John Stumpf's exit package is already raising eyebrows. While Stumpf won't receive a special severance package, he's estimated to walk away with $134.1 million in pension accounts and stock, according to *[USA Today](http://www.usatoday.com/story/money/markets/2016/10/12/wells-fargo-ceo-retires-under-fire/91964778/)*, which based the figure on data from executive-pay tracker Equilar. While Stumpf had previously [forfeited $41 million](https://money.com/wells-fargo-ceo-41-million-fake-accounts/?iid=sr-link1) in unvested equity, he still owns shares vested in previous years. The Board may have had no choice but to pay Stumpf that vast amount, as severance packages are typically negotiated as part of a CEO’s hiring contract. “When a company undergoes a change in control, you can see large \[compensation\] numbers that aren’t tied to anything more than what’s been negotiated,” says report co-author Ric Marshall, a senior corporate governance researcher at MSCI [told Money](https://money.com/billy-bush-severance-packages-mayer-ailes/). What's more, [company boards](https://money.com/billy-bush-severance-packages-mayer-ailes/) may not know the exact value of the compensation they’re providing executives, largely because they don’t account for how valuable stock options can be. Following the announcement that Stumpf would be retiring, Massachusetts Senator Elizabeth Warren—who launched a [now-viral scolding](https://money.com/wells-fargo-senate-hearing-elizabeth-warren-john-stumpf/?iid=sr-link1) of Stumpf at a September Senate Banking Committee meeting—had some choice words for the executive: As usual, Senator Warren got the last word: ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/john-stumpf-wells-fargo-exit-package/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Business", "item": "https://money.com/business/" }, { "@type": "ListItem", "position": 3, "name": "Customer Service", "item": "https://money.com/customer-service/" }, { "@type": "ListItem", "position": 4, "name": "Wells Fargo CEO Could Get $134 Million on His Way Out" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/john-stumpf-wells-fargo-exit-package/#webpage", "url": "https://money.com/john-stumpf-wells-fargo-exit-package/", "name": "Wells Fargo CEO Could Get $134 Million on His Way Out", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2016-10-13T14:09:08.000Z", "mainEntity": { "@id": "https://money.com/john-stumpf-wells-fargo-exit-package/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/john-stumpf-wells-fargo-exit-package/#breadcrumb" }, "dateModified": "2024-05-16T11:51:13.000Z" }, { "@type": "Article", "headline": "Wells Fargo CEO Could Get $134 Million on His Way Out", "articleSection": "Business", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2016/10/gettyimages-611410678.jpg", "width": 4000, "height": 2667, "caption": "Wells Fargo CEO John Stumpf Testifies To The House Financial Services Committee" } ], "author": [ { "@type": "Person", "name": "Kristen Bahler", "url": "https://money.com/author/kristen-bahler/", "@id": "https://money.com/author/kristen-bahler/#author", "description": "Kristen Bahler has spent more than a decade turning culture, work and consumer spending trends into conversation-driving stories. 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