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.

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Charles Scharf

Bank of New York Mellon

Chief Executive Officer

Michael Santomassimo

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Chief Financial Officer

Bridget Engle

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Thomas “Todd

Bank of New York Mellon

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Mitchell Harris

Bank of New York Mellon

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Thomas Gibbons

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Source: SEC filing on March 8, 2019.