JPMorgan chief Dimon gets 35% raise
The raise boosts his compensation to $27 million
PHOTO: AFP
NEW YORK:
Wall Street's most prominent banker, JPMorgan Chase's chief executive Jamie Dimon, is getting a 35 per cent raise this year.
Dimon was given a $7 million pay hike by the bank's board of directors Thursday, boosting his compensation to $27 million.
That comprises a $1.5 million base salary, a cash bonus of $5 million and $20.5 million in stock options, according to a securities filing by the bank.
Four indicted in massive hack of JP Morgan Chase, others
The raise came after the bank saw $24.4 billion in earnings last year, a gain of 12.5 per cent.
Dimon, who carried the bank through the financial crisis more steadily than rivals but then stumbled badly with both hefty post-crisis legal costs and the massive London Whale trading loss, is hardly the best-paid banker on Wall Street.
His counterparts at Goldman Sachs, Morgan Stanley and Wells Fargo enjoy better paychecks.
Wall Street's most prominent banker, JPMorgan Chase's chief executive Jamie Dimon, is getting a 35 per cent raise this year.
Dimon was given a $7 million pay hike by the bank's board of directors Thursday, boosting his compensation to $27 million.
That comprises a $1.5 million base salary, a cash bonus of $5 million and $20.5 million in stock options, according to a securities filing by the bank.
Four indicted in massive hack of JP Morgan Chase, others
The raise came after the bank saw $24.4 billion in earnings last year, a gain of 12.5 per cent.
Dimon, who carried the bank through the financial crisis more steadily than rivals but then stumbled badly with both hefty post-crisis legal costs and the massive London Whale trading loss, is hardly the best-paid banker on Wall Street.
His counterparts at Goldman Sachs, Morgan Stanley and Wells Fargo enjoy better paychecks.