JPMorgan chief Dimon gets 35% raise
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[NEW YORK] Wall Street's most prominent banker, JPMorgan Chase's chief executive Jamie Dimon, is getting a 35 per cent raise this year.
Mr Dimon was given a US$7 million pay hike by the bank's board of directors Thursday, boosting his compensation to US$27 million.
That comprises a US$1.5 million base salary, a cash bonus of US$5 million and US$20.5 million in stock options, according to a securities filing by the bank.
The raise came after the bank saw US$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.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
AFP
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Singaporeans can now buy record amount of yen per Singdollar
