JPMorgan's CEO Jamie Dimon Sees His Compensation Skyrocket to $43 Million Last Year.
Jamie Dimon, the CEO of JPMorgan Chase, has taken home a whopping $43 million in pay last year, according to a regulatory filing. This marks a 10% increase from his compensation in 2024 and solidifies his position as one of the highest-paid executives on Wall Street.
Dimon's total package included a base salary of just $1.5 million and $41.5 million in performance-based incentives. The bank attributed the high compensation to Dimon's leadership, citing "strong performance across our market-leading businesses and financial results" as well as his ability to maintain a strong balance sheet.
The news comes amidst speculation about Dimon's future at the bank, with some suggesting he may have been leaving sooner rather than later. In 2024, Dimon had hinted that he might be stepping down in the next five years, saying "the timetable isn't five years anymore." However, his latest pay report suggests that the board is satisfied with his performance and sees him continuing to lead the bank into the future.
Despite the controversy surrounding Dimon's departure from Donald Trump, who has sued the bank for $5 billion, JPMorgan seems to be sticking by its CEO. Shares in the company rose slightly on Thursday following the release of the pay report, which also revealed net revenue of $45.8 billion and profits of $13 billion in the last quarter.
Dimon's compensation package is undoubtedly eye-catching, with many questioning whether it reflects his actual value to the bank. Nevertheless, for now, he appears content to continue leading JPMorgan into a new era.
Jamie Dimon, the CEO of JPMorgan Chase, has taken home a whopping $43 million in pay last year, according to a regulatory filing. This marks a 10% increase from his compensation in 2024 and solidifies his position as one of the highest-paid executives on Wall Street.
Dimon's total package included a base salary of just $1.5 million and $41.5 million in performance-based incentives. The bank attributed the high compensation to Dimon's leadership, citing "strong performance across our market-leading businesses and financial results" as well as his ability to maintain a strong balance sheet.
The news comes amidst speculation about Dimon's future at the bank, with some suggesting he may have been leaving sooner rather than later. In 2024, Dimon had hinted that he might be stepping down in the next five years, saying "the timetable isn't five years anymore." However, his latest pay report suggests that the board is satisfied with his performance and sees him continuing to lead the bank into the future.
Despite the controversy surrounding Dimon's departure from Donald Trump, who has sued the bank for $5 billion, JPMorgan seems to be sticking by its CEO. Shares in the company rose slightly on Thursday following the release of the pay report, which also revealed net revenue of $45.8 billion and profits of $13 billion in the last quarter.
Dimon's compensation package is undoubtedly eye-catching, with many questioning whether it reflects his actual value to the bank. Nevertheless, for now, he appears content to continue leading JPMorgan into a new era.