JPMorgan raises boss Dimon’s pay to a sweet $31 million, topping pre-crisis record | WHAT REALLY HAPPENED


JPMorgan raises boss Dimon’s pay to a sweet $31 million, topping pre-crisis record

Wall Street banking giant JPMorgan has awarded its chief executive Jamie Dimon $31 million in total compensation for his work in 2018. The pay exceeds his record compensation of $30 million in 2007 before the financial crisis.

It’s a 5.1 percent increase from 2017 as the bank raked in a record profit last year. Dimon’s pay package included $24.5 million of restricted stock tied to performance, an annual base salary of $1.5 million and a $5 million cash bonus, the New York-based bank said in a regulatory filing. It explained that board members have approved Dimon’s compensation based on the bank’s “strong performance in 2018.”

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