JPMorgan boosts Dimon's pay 5.4% to $29.5M for 2017

JPMorgan Chase Chief Executive Jamie Dimon received $29.5 million in total compensation for his work in 2017, an increase of 5.4% from a year earlier.

Dimon’s pay included $23 million of restricted stock tied to performance, a $5 million cash bonus and $1.5 million salary, the New York-based bank said Thursday in a regulatory filing.

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It was the second-biggest package the 61-year-old billionaire banker has received since he became CEO in 2005, only trailing his $49.9 million of reported compensation for 2007.

Last year, JMorgan put more distance between itself and a spate of legal and regulatory woes that had stung the biggest U.S. bank in the wake of the financial crisis. The firm posted record adjusted profit of $26.5 billion for 2017 and its shares rose 24%, outpacing the 20% advance for the 67-company S&P 500 Financials Index.

Dimon’s deputies also received raises, JPMorgan spokesman Joe Evangelisti said in an email.

  • Daniel Pinto, head of investment banking: $21 million, 11% increase.
  • Gordon Smith, head of consumer banking: $20 million, 5.3% increase.
  • Mary Callahan Erdoes, CEO of asset management: $19.5 million, 2.6% increase.
  • Marianne Lake, chief financial officer: $13.5 million, 8% increase.
  • Doug Petno, head of commercial banking: $12 million, 9.1% increase.
Bloomberg News
Compensation Jamie Dimon JPMorgan Chase
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