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J.P. Morgan Chase & Co. (JPMCC) Bonuses

How much does J.P. Morgan Chase & Co. (JPMCC) pay in bonuses?

J.P. Morgan Chase & Co. (JPMCC) pays an average of $9,279 in annual employee bonuses. Bonus pay at J.P. Morgan Chase & Co. (JPMCC) ranges from $1,965 to $68,824 annually among employees who report receiving a bonus. Employees …Read more

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JPMorgan gives Jamie Dimon a special stock option bonus to keep him as CEO for several more years

Dimon took over JPMorgan in 2005 and built the New York-based lender into the biggest U.S. bank after the financial crisis. For years, he had a running joke of saying he's always five years away from stepping down. That coincided with the departure of a few executives who had been seen as potential successors.

In May, the bank named Marianne Lake and Jennifer Piepszak to run the company's sprawling consumer bank after its long-time manager announced his retirement.

Succession talks had resurfaced after Dimon had a close call that required emergency heart surgery last year.

The bank kept Dimon’s annual pay at $31.5 million for 2020. The CEO got a 1.6% raise in the previous year after his bank posted record earnings and shares of the company surged.

JPMorgan is fresh off a better-than-expected quarter as the bank released money set aside for loan losses amid its improving outlook on the U.S. economy.

— CNBC's Hugh Son contributed reporting.

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Jamie Dimon was granted a special stock option award to incentivize the longtime JPMorgan Chase leader to remain in his job for a "significant" period, the bank disclosed this week.

Dimon, who has led the giant bank since 2005, received 1.5 million stock options in a one-time award reflecting the board's "desire for Mr. Dimon to continue to lead the firm for a further significant number of years," according to a July 20 securities filing.

Vesting of the options can begin only after five years and is "subject to continuous leadership of the firm, with certain limited exceptions," the filing said.

"In making the special award, the board considered the importance of Mr. Dimon's continuing, long-term stewardship of the firm, leadership continuity and management succession planning amidst a highly competitive landscape for executive leadership talent," the filing said.

"The board also took into account other factors, including the firm's strong performance under Mr. Dimon's stewardship since 2005, his exemplary leadership and his significant contributions to the firm's success during his tenure."

Dimon, 65, is the lone remaining CEO of a large Wall Street bank who was at the helm during the 2008 financial crisis. He was paid $31.5 million in 2020 in cash and stock-related compensation.

Dimon underwent chemotherapy in 2014 for throat cancer and had emergency heart surgery in March 2020.

But he has remained a forceful and prominent figure in American business, robustly defending the bank's practices in sometimes contentious congressional hearings this spring.

Earlier this year, the bank promoted as potential successors Marianne Lake and Jennifer Piepszak to serve as co-chiefs of its Consumer & Community Banking business.

Another possibility is Daniel Pinto, the bank's chief operating officer.


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Jamie Dimon, Chairman, President, and CEO of JPMorgan Chase


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