Just saw JPMorgan bumped up Jamie Dimon's salary to $36M for 2023 - up from $34.5M the year before. Interesting breakdown: only $1.5M is straight cash, the rest is performance-based stuff (PSUs) tied to company metrics. The board's reasoning is pretty standard corporate speak - record revenue, strong earnings, navigated the regional bank crisis, you know the drill. What caught my eye though is they're basically saying 86% of his variable comp depends on actual performance, not just showing up. For context, JPM pulled in $162.4B in revenue that year with $49.6B net income. Not bad. Makes you think about how differently C-suite compensation works compared to regular employees though. The incentive structure is definitely more tied to results at that level.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin