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

Published: March 8, 2019

Bank of New York Mellon reported fiscal year 2018 executive compensation information on March 8, 2019.

In 2018, five executives at Bank of New York Mellon received on average a compensation package of $6.8M, a 41% 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. 44.69% 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 $64.4K 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. 70.13% of the compensation package, or $6.2M, was in stock awards.

Thomas P. “Todd, Chief Executive Officer, earned $7.4M in 2018, a 15% decrease compared to previous year.

Bridget E. Engle, Senior Executive Vice President & Chief Information Officer, received $5.6M in 2018, which decreases by 44% compared to 2017.

Michael P. Santomassimo, Chief Financial Officer, earned $2.6M in 2018.