Visa CEO netted $24.2 million in 2013 fiscal year

Charles Scharf received an award of $13 million and $6 million in options as a golden hello upon becoming CEO

CEO payouts continue to shoot up, as CEOs saw their pay increase nearly 9 percent in the 2013 fiscal year. According to a December Securities and Exchange Commission (SEC) filing, Visa Inc. CEO Charles Scharf is one of the lucky beneficiaries, taking home $24.2 million in the 2013 fiscal year.

According to the SEC filing, Scharf received a one-time stock award of $13 million and $6 million in options as a "golden hello" in connection with his 2012 promotion to CEO. Those funds are in addition to Scharf’s $950,000 base salary, $3.6 million under the company's annual incentive plan and $1.5 million in stock options and other compensation according to Bloomberg.

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Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

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