As per news source, Jamie Dimon, the Chief Executive Officer of JPMorgan Chase & Co (JPM.N) has received a half-million-dollar raise for 2019, bringing his total compensation for the year to $31.5 million (24 million pounds). That was a 1.6% increase from the $31 million he received for 2018.
The bank said it is as per the filing made by the company, the raise is based on its strong performance last year and “over the long term”.
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.
Under his leadership JPMorgan reported net income of $36.4 billion for 2019, up from $32.5 billion a year earlier, and a return on tangible common equity of 19%, up from 17% in 2018.
Dimon’s pay package consists of an annual base salary of $1.5 million and performance-based incentive of $30 million, according to the regulatory filing.
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