Wells Fargo (WFC) shareholders approved compensation for John Stumpf, the chairman and chief executive, at the company's annual meeting Tuesday and also rejected a proposal to split the chairman and CEO roles.

Shareholders approved Stumpf's $19.3 million compensation package in a nonbinding resolution during the annual meeting, held in San Antonio, Texas, Wells Fargo said in a news release. Compensation was also approved for other executives, including Timothy Sloan, chief financial officer, and David Hoyt, senior executive vice president for wholesale banking.

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