JPMorgan CEO Dimon's 2024 pay rises after record profit

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JPMorgan CEO Dimon's 2024 pay rises after record profit

//business-finance.news-articles.net/content/202 .. -dimon-s-2024-pay-rises-after-record-profit.html

Published in Business and Finance on Thursday, January 23rd 2025 at 17:40 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

JPMorgan Chase said on Thursday that long-serving CEO Jamie Dimon's 2024 pay package climbed about 8.3% to $39 million after the bank posted a record profit amid a revival in dealmaking and fundraising activities.

JPMorgan Chase & Co CEO Jamie Dimon's compensation for 2024 was set at $36 million, marking an increase of about 8% from his 2023 compensation of $33 million. This adjustment was approved by the bank's board, reflecting his leadership in navigating a challenging economic environment, including managing through geopolitical tensions, high inflation, and the collapse of several regional banks. Dimon's package includes a base salary of $1.5 million, a cash bonus of $5 million, and the remainder in performance share units and stock options. The board highlighted Dimon's strategic decisions that have positioned the bank well amidst economic uncertainties, although they noted that his compensation remains below that of some peers at other major banks.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/jpmorgan-ceo-dimons-2024-compensation-rises-about-8-2025-01-23/ ]

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