JPMorgan Chase & Co. raised CEO Jamie Dimon's pay to $36 million for 2023, a year in which the bank notched the
The board granted Dimon a $1.5 million salary and $34.5 million of performance-based incentive compensation, according to a regulatory filing Thursday. His total pay is up 4.3% from 2022,
"The firm is in a uniquely fortunate position to be led by such a highly talented and experienced executive who continues to grow the company, maintain market leadership positions, strengthen the firm's reputation, invest in opportunities for the future, promote diversity and best practices, manage risk and develop great leaders, while also maintaining his focus on the firm's clients," the board said in the filing.
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JPMorgan pulled in
That's now turning into raises of more than 5% for the bank's top brass. The firm awarded $30 million to President Daniel Pinto, $27 million to longtime asset and wealth management chief Mary Erdoes and $18.5 million apiece to consumer-banking co-heads Jennifer Piepszak and Marianne Lake, according to the company.
Dimon, a billionaire, has been in his role for 18 years — a longer tenure than the CEO of any other major bank — and is often the highest-paid of his peers. In October, New York-based JPMorgan said in a filing that Dimon
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He's long quipped that he plans to stay in his seat five more years, no matter when asked. That joke turned serious in 2021 when the board gave him a special incentive package worth more than $50 million to stay until at least 2026. Still, Dimon hasn't indicated he views that award as a career closer.
"I can't do this forever, I know that, but my intensity is the same," Dimon, 67, said at the firm's investor day last year. "I think when I don't have that kind of intensity, I should leave."