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JPMorgan Chase increased the salary of the veteran executive director Jamie Dimon 8 percent to 39 million dollars last year, its greatest remuneration in the US bank.
The salary increase for DimónThe executive director with more years of service among the largest banks in the United States, received approximately twice the increase he received in 2023.
JPMorgan Last year he obtained record annual benefits, and the New York Commercial Banking and Investment Units registered a spectacular performance in the fourth quarter. Bank’s shares rose 41 percent in 2024, in line with other great lenders.
“The annual compensation for 2024 reflects the company’s address by Mr. Dimon,” Jpmorgan said in a regulatory document late on Thursday.
Dimon’s salary package for 2024 included a salary of 1.5 million dollars, a cash bonus of 5 million dollars and the rest in restricted shares. The remuneration of 39 million dollars coincides with that of the executive director of Goldman Sachs, David Solomon, who was granted an increase of 26 percent.
Dimon, 68, directs the largest bank in the United States since 2006, exceeding the financial crisis of 2008 that the industry and other tumult periods such as Coronavirus pandemic.
In 2021, JPMorgan gave Dimon a 50 million dollars withholding bonus that would link it to the bank at least until mid -2026.
The Wall Street group also distributed two -digit salary increases to other senior executives during the past year.
Jennifer PiepszakWho was appointed Operations Director at JPMorgan at the beginning of this month, received 21.5 million dollars, 16 percent more than in 2023. Daniel Pinto, whom Pieszak replaces as director of Operations, received an increase of 5 percent at 31.5 million dollars.
Marianne Lake, who runs the Retorist Bank of JPMorgan, also received an increase of 16 percent to 21.5 million dollars. It is considered that Lake is among the main contestants for one day to replace Dimon. Piepszak, at the time of his rise, said he was not interested in the highest position of JPMorgan.
Doug Petno, co -director of the Commercial and Investment Bank of JPMorgan and also considered a candidate to replace Dimon, received a salary increase of 21 percent, to 20 million dollars, for last year.