JPMorgan Chase said it would no longer award longtime chief executive Jamie Dimon any more special awards “in the future” following investor pushback to a $50mn award last year.
The bank made the commitment in a regulatory filing on Thursday, which also showed the Wall Street giant paid Dimon $34.5mn for his work 2022. This was unchanged from the prior year despite the company suffering its steepest decline in profits in more than a decade.
JPMorgan said Dimon, 66, was paid a base salary of $1.5mn and a $33mn performance-based bonus for 2022. The bank said its board of directors, which Dimon chairs, “considered his holistic performance across financial and non-financial performance dimensions” as part of determining his pay.
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