Skip to content
Subscriber Only

Dimon's Pay Jumps 35% to $27 Million

  • Package includes $20.5 million linked to bank's future returns
  • New performance units come after shareholders rejected pay
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co.

Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co.

Photographer: Laura McDermott/Bloomberg
Updated on

JPMorgan Chase & Co. boosted Jamie Dimon’s pay 35 percent, tying most of the package to future performance after a record share of investors rejected the bank’s compensation practices last year.
 
The bank awarded Dimon, its chief executive officer and chairman, $27 million for 2015, up from $20 million a year earlier, according to a regulatory filing Thursday. The package includes $20.5 million in performance share units, a new pay element tied to future targets. Proxy advisers had complained last year that the company lacked concrete goals for its executives. Dimon also got a $5 million cash bonus and a $1.5 million salary.

Under Dimon, who has led JPMorgan since 2006, the bank managed to increase profit last year 12 percent to a record $24.4 billion despite stagnant revenue. He accomplished that by trimming expenses almost 4 percent to $59 billion. The company’s shares climbed 5.5 percent in 2015, outperforming the 3.5 percent decline of the Standard & Poor’s 500 Financials Index.