Bank of New York Mellon reports 2018 executive compensation

CEO Charles W. Scharf receives $9.4M

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 $6,781,487, 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 $9,383,885 in total, which decreased by 45% compared to 2017. 44.69% of Scharf's compensation, or $4,193,750, was in non-equity incentive plan. Scharf also received $1,250,000 in salary, $3,875,777 in stock awards, as well as $64,358 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 $8,883,083, which increased by 17% compared to previous year. 70.13% of the compensation package, or $6,229,333, was in stock awards.

Thomas P. “Todd, Chief Executive Officer, earned $7,446,178 in 2018, a 15% decrease compared to previous year.

Bridget E. Engle, Senior Executive Vice President & Chief Information Officer, received $5,584,988 in 2018, which decreases by 44% compared to 2017.

Michael P. Santomassimo, Chief Financial Officer, earned $2,609,300 in 2018.