JPMorgan CEO Jamie Dimon Gets $3 Million Raise to $34.5 Million for 2021

The nation’s biggest bank reported $48.3 billion in net income last year, a third more than the old record.

Banking, Commercial Banking

1/21/2022 1:45:00 AM

JPMorgan Chase is paying Chief Executive Jamie Dimon $34.5 million for a record-breaking 2021, $3 million more than he made in the previous two years

The nation’s biggest bank reported $48.3 billion in net income last year, a third more than the old record.

earlier in 2021 outside of the annual pay to entice him into staying at the bank for at least five more years. Mr. Dimon, 65 years old, has been CEO since 2005 and has long batted away talk of leaving by promising to stay five more years.Heading into 2022, Mr. Dimon has fresh changes among his top lieutenants and those who could be potential successors. Daniel Pinto, who runs the corporate and investment bank, is now the sole president and operating chief

following the retirementof Gordon Smith. Marianne Lake and Jennifer Piepszak are now co-heads of the consumer bank.Mr. Dimon’s base salary has been at $1.5 million since 2011. He also gets a cash bonus, this year for $5 million. The bulk of his pay is in restricted stock units that can’t be cashed in for several years and depend on performance.

Read more: The Wall Street Journal »

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What for? Greed Greed Greed “Yes, the planet got destroyed. But for a beautiful moment in time we created a lot of value for shareholders.” Didn't they just say pay raises were causing inflation? Obscene and just plain wrong. THIS is what is driving the injustice and inequality in our Nation. Disgusting! Your and my banking fees and mortgages....

No wonder jpmorgan Jamie Dimon apologized to CCPChina for his saying JP Morgan will out last CCP . Do hope CCP won’t last . Jamie Morgan: don’t be a collaborator of repression. The Wall Street mob calls him a BIGG earner. _XRpizza Thanks to billhinmanDC and Ethereum free pass. Both crooks. Truly the corona virus pandemic have really affected me financially, but with of the help Anthony_Claw through her Forex investment, I’m gradually getting back on my feet financially

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Good move by JPM board, he definitely would have quit if he didn’t get that raise. Significant value-add to shareholders

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a $50 million special bonus earlier in 2021 outside of the annual pay to entice him into staying at the bank for at least five more years. Mr. Dimon, 65 years old, has been CEO since 2005 and has long batted away talk of leaving by promising to stay five more years. Heading into 2022, Mr. Dimon has fresh changes among his top lieutenants and those who could be potential successors. Daniel Pinto, who runs the corporate and investment bank, is now the sole president and operating chief following the retirement of Gordon Smith. Marianne Lake and Jennifer Piepszak are now co-heads of the consumer bank. Mr. Dimon’s base salary has been at $1.5 million since 2011. He also gets a cash bonus, this year for $5 million. The bulk of his pay is in restricted stock units that can’t be cashed in for several years and depend on performance. For 2020, Mr. Dimon ceded his oft-held title as highest-paid bank CEO to