Just saw JPMorgan's filing and Dimon's salary for 2023 is actually pretty wild. The board bumped his annual compensation to $36 million from $34.50 million the year before. So yeah, Jamie Dimon's pay went up again. The justification is basically that the bank crushed it - record revenue for the 6th year straight at $162.4 billion, net income hit $49.6 billion, and they pulled off the First Republic acquisition while everything was chaos with the regional bank meltdown.

What's interesting about the breakdown: His base is only $1.5 million, the real money is $34.50 million in performance incentives. About $5 million comes as cash, but the other $29.50 million is locked in PSUs - performance share units that tie directly to how well the company actually performs. So Jamie Dimon's salary structure is basically almost entirely dependent on metrics, not just a handout.

The board's reasoning was pretty straightforward - they're saying under his leadership the firm stayed solid through all the chaos, grew market share, and maintained their fortress balance sheet. They even threw in that they want him to stick around for years, which is why they granted him those 1.5 million stock options back in 2021. Quarterly dividend also went up to $1.05 per share.

Not gonna lie, for a bank the size of JPMorgan, the Jamie Dimon salary package makes sense given the results, but it's still a lot of money. Curious what people think about this kind of comp structure for CEOs.