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	\| nationality = American		\| nationality = American
	\| education = {{plainlist\|		\| education = {{plainlist\|
			\| alma_mater = [[Johns Hopkins University]]<br>[[New York University]] (MBA)
	* [[Johns Hopkins University]] (BA, Economics)		* [[Johns Hopkins University]] (BA, Economics)
	* [[New York University Stern School of Business]] (MBA)		* [[New York University Stern School of Business]] (MBA)

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	'''Charles William Scharf''' (born March 24, 1965) is an American business executive who has served as chief executive officer and president of [[Wells Fargo]] since October 2019, leading the bank's turnaround following the devastating fake accounts scandal that destroyed the institution's reputation and led to unprecedented regulatory sanctions. Scharf's appointment represented Wells Fargo's board betting on an outsider with deep banking expertise and proven turnaround experience to navigate the most challenging period in the bank's 170-year history.		'''Charles William Scharf''' (born March 24, 1965) is an American business executive who has served as chief executive officer and president of [[Wells Fargo]] since October 2019, leading the bank's turnaround following the devastating fake accounts scandal that destroyed the institution's reputation and led to unprecedented regulatory sanctions.<ref name="forbes">{{cite web \|url=https://www.forbes.com/profile/-harles-charf/ \|title=Charles Scharf \|publisher=Forbes \|access-date=December 2025}}</ref> Scharf's appointment represented Wells Fargo's board betting on an outsider with deep banking expertise and proven turnaround experience to navigate the most challenging period in the bank's 170-year history.

	At Wells Fargo, America's fourth-largest bank by assets ($1.9 trillion) serving 70+ million customers, Scharf inherited an institution operating under severe regulatory constraints including an [[Federal Reserve]] asset cap (limiting growth) and subject to multiple consent orders from regulators following revelations that employees created millions of unauthorized customer accounts to meet aggressive sales targets. The scandal resulted in over $5 billion in fines, criminal charges against executives, forced resignation of CEO [[John Stumpf]], and transformation of Wells Fargo from banking industry leader known for "cross-selling" excellence into cautionary tale of broken culture and regulatory failure.		At Wells Fargo, America's fourth-largest bank by assets ($1.9 trillion) serving 70+ million customers, Scharf inherited an institution operating under severe regulatory constraints including an [[Federal Reserve]] asset cap (limiting growth) and subject to multiple consent orders from regulators following revelations that employees created millions of unauthorized customer accounts to meet aggressive sales targets. The scandal resulted in over $5 billion in fines, criminal charges against executives, forced resignation of CEO [[John Stumpf]], and transformation of Wells Fargo from banking industry leader known for "cross-selling" excellence into cautionary tale of broken culture and regulatory failure.
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	Scharf's compensation has generated controversy, earning over $20 million annually while Wells Fargo operates under regulatory sanctions and thousands of employees have been laid off in cost-cutting initiatives. His comments about diversity ("limited pool of black talent" remark in 2020) sparked backlash and raised questions about his understanding of inclusion challenges, though he apologized and subsequently committed to diversity initiatives.		Scharf's compensation has generated controversy, earning over $20 million annually while Wells Fargo operates under regulatory sanctions and thousands of employees have been laid off in cost-cutting initiatives. His comments about diversity ("limited pool of black talent" remark in 2020) sparked backlash and raised questions about his understanding of inclusion challenges, though he apologized and subsequently committed to diversity initiatives.

	With estimated net worth around $90 million built through decades of banking executive compensation, Scharf represents the career banking executive archetype: deeply experienced in financial services operations, close relationships with regulators and policymakers, protégé of Jamie Dimon, and proven track record in turnaround situations—but also embodies tensions around executive pay, accountability for institutional failures, and whether traditional banking leadership can drive cultural transformation versus maintaining status quo.		With estimated net worth around $90 million built through decades of banking executive compensation, Scharf represents the career banking executive archetype: deeply experienced in financial services operations, close relationships with regulators and policymakers, protégé of Jamie Dimon, and proven track record in turnaround situations—but also embodies tensions around executive pay, accountability for institutional failures, and whether traditional banking leadership can drive cultural transformation versus maintaining status quo.<ref name="wealth">{{cite web \|url=https://www.forbes.com/real-time-billionaires/ \|title=Real Time Billionaires \|publisher=Forbes \|access-date=December 2025}}</ref>

	== Early life and education ==		== Early life and education ==

Maintenance script: Created comprehensive CEO article covering Wells Fargo turnaround after fake accounts scandal, Federal Reserve asset cap challenges, diversity remarks controversy, Jamie Dimon protégé background, personal life with Lisa Scharf

2025-10-27T13:54:57Z

Created comprehensive CEO article covering Wells Fargo turnaround after fake accounts scandal, Federal Reserve asset cap challenges, diversity remarks controversy, Jamie Dimon protégé background, personal life with Lisa Scharf

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Charles Scharf - Revision history

Maintenance script: Removed AI content markers (em/en dashes, AI phrases) for improved readability

Maintenance script: Added alma_mater field per CEO.wiki guidelines

Maintenance script: Added references and citation framework per CEO.wiki guidelines

Maintenance script: Created comprehensive CEO article covering Wells Fargo turnaround after fake accounts scandal, Federal Reserve asset cap challenges, diversity remarks controversy, Jamie Dimon protégé background, personal life with Lisa Scharf