JPMorgan Chase & Co Chief Executive Officer Jamie Dimon got a half-million-dolla...
FILE PHOTO: Jamie Dimon, chairman & CEO of JP Morgan Chase & Co., speaks during the Bloomberg Global Business Forum in New York City, New York, U.S., September 25, 2019. REUTERS/Shannon Stapleton
That was a 1.6% increase from the $31 million he received for 2018. The bank said it was based on its strong performance last year and “over the long term,” according to the filing. The bank said its board of directors considered the bank’s business results, risk controls and conduct, client, customer and stakeholder focus and teamwork and leadership when determining Dimon’s pay.
Dimon’s raise stands in contrast to the pay cut that Morgan Stanley’s board delivered to its chief executive, James Gorman, reducing his pay by 7% for 2019 as the bank trimmed incentive compensation firm-wide in an effort to reduce expenses. Even so, Gorman is richly compensated, receiving $27 million for 2019.
The bank also disclosed awards of restricted stock units to other top executives indicating their compensation.
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