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JPMorgan CEO Jamie Dimon just took home a $31 million pay packet a?? despite the bank's share price dropping 9% last year

JPMorgan CEO Jamie Dimon just took home a $31 million pay packet a?? despite the bank's share price dropping 9% last year
REUTERS/Dylan Martinez



Jamie Dimon will receive a larger pay packet than last year after JPMorgan's "strong performance" in 2018.




The bank's CEO will earn $31 million, up from $29.5 million in 2017, a 5% raise.




JPMorgan shares fell 9% in 2018.



JPMorgan CEO Jamie Dimon just got a raise, earning a $31 million salary, up from $29.5 million in 2017, as a reward for the firm's "strong performance" in 2018.
The pay packet, disclosed in a filing, includes an annual base salary of $1.5 million and a "performance-based variable incentive compensation" of $29.5 million. He'll receive $5 million in cash and the rest will be given via "performance share units."
"In determining Mr. Dimon's compensation, the independent members of the board took into account the firm's strong performance in 2018 and through the cycle, across four broad categories: business results; risk, controls & conduct; client/customer/stakeholder focus; and teamwork & leadership," the bank said in the filing.
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