JPMorgan Chase CEO Jamie Dimon's compensation package for 2024 reached $39 million, reflecting a significant increase driven by the bank's record-breaking profits and the performance of its dealmakers and traders. This marks a substantial rise from his previous earnings amid challenging economic conditions.
JPMorgan Chase announced on Thursday that longtime Chief Executive Officer Jamie Dimon 's compensation package for 2024 increased by approximately 8.3% to $39 million. This follows a record-breaking year for the bank, driven by the success of its dealmakers and traders who capitalized on the rebounding markets in the fourth quarter. Dimon's compensation consisted of a base salary of $1.5 million and $37.5 million in incentives.
This marks a significant rise from his 2021 and 2022 earnings of $34.5 million each, which were granted during a period of economic uncertainty, geopolitical tensions, and the lingering effects of the COVID-19 pandemic.Other senior executives at JPMorgan also experienced compensation increases ranging from 4% to 21% in 2024. Dimon, a highly influential CEO with a 19-year tenure exceeding that of many of his counterparts, has indicated that he is likely to step down within the next five years. The bank's board has already identified potential successors to take over from Dimon. The leading candidates include Marianne Lake, CEO of consumer and community banking; Troy Rohrbaugh, co-head of the commercial and investment bank; and Mary Erdoes, CEO of asset and wealth management
Jpmorgan Chase Jamie Dimon CEO Compensation Record Profits Banking Industry
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