Tags: jpmorgan | jamie dimon | compensation | pay | raise

JPMorgan Board Raises Dimon's Compensation to $31 Million

jamie dimon of jpmorgan
(AP via Sipa)

Thursday, 17 January 2019 06:02 PM EST

JPMorgan Chase & Co. Chief Executive Jamie Dimon is receiving a 5 percent raise, bringing his total 2018 compensation to $31 million, the company said in a filing on Thursday.

In setting the figure, independent members of the JPMorgan board took into account "the firm's strong performance in 2018 and through the cycle" in categories including business results, risk, controls and conduct, customer focus and leadership, the filing said.

JPMorgan reported record net income of $32.5 billion in 2018 and a return on tangible common equity of 17 percent, the filing noted.

JPMorgan is the first major U.S. bank to disclose compensation for 2018 performance.

The package for Dimon, 62, includes an annual base salary of more than $1.5 million and performance-based incentive compensation of $29.5 million. His total compensation a year earlier was $29.5 million.

The bank also disclosed awards of restricted stock units to other top executives indicating their compensation for 2018.

Gordon Smith, co-president and CEO for Consumer & Community Banking, received $22 million, up 10 percent from a year earlier.

Daniel Pinto, co-president and CEO of the Corporate & Investment Bank, received $22 million, up 5 percent.

Mary Erdoes, CEO for Asset & Wealth Management, received $20.5 million, up 5 percent.

Chief Financial Officer Marianne Lake received $15 million, up 11 percent.

Doug Petno, CEO for Commercial Banking, received $12.75 million, up 6 percent. 

© 2025 Thomson/Reuters. All rights reserved.


StreetTalk
JPMorgan Chase & Co. Chief Executive Jamie Dimon is receiving a 5 percent raise, bringing his total 2018 compensation to $31 million, the company said in a filing on Thursday.In setting the figure, independent members of the JPMorgan board took into account "the firm's...
jpmorgan, jamie dimon, compensation, pay, raise
228
2019-02-17
Thursday, 17 January 2019 06:02 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved