Home Latest10News No additional ‘special awards’ for JPMorgan CEO Jamie Dimon, board decides

No additional ‘special awards’ for JPMorgan CEO Jamie Dimon, board decides

26
0


JPMorgan Chase & Co.’s board heeded an outcry from shareholders about Chairman and Main Government Jamie Dimon’s payment, that in the past has incorporated extra than $50 million in “special awards,” leaving the billionaire govt with only his multimillion-dollar foundation wage.

In a Securities and Trade Fee submitting late Thursday, JP Morgan’s
JPM,
-1.33%
board said there was no “special award” granted to Dimon in 2022, including that the board has “committed to not grant any particular awards to him in the future.” Dimon was compensated the similar wage he was compensated past yr: $34.5 million.

Study: JPMorgan presents Jamie Dimon ‘special award’ worthy of tens of millions to stick close to as CEO

In Might, shareholders voted to reject an choices bonus for Dimon, just after the CEO took household $84.4 million in 2021, with $52.6 million of that alternatives awards as an incentive for Dimon to stay “for a even more significant amount of yrs.” Dimon has been CEO of JPMorgan considering that 2005.

Dimon’s foundation salary is $1.5 million, with an once-a-year variable incentive compensation of $33 million, with $28 million of that in the kind of at-risk Overall performance Share Units. Recently, Forbes estimated Dimon’s web truly worth at $1.6 billion.

JPMorgan shares have declined 9.5% more than the previous 12 months, compared with a 5.7% decline by the Dow Jones Industrial Normal
DJIA,
-.76%
— of which JPMorgan is a element — a 14% drop in the S&P 500 index
SPX,
-.76%,
and a 24.3% fall by the Nasdaq Composite Index
COMP,
-.96%.



Source hyperlink