Jamie Dimon Defends His Pay in Axios Sitdown After New Award

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon, granting an interview to Axios’s HBO program to discuss the bank’s pledge to help combat racial inequity, ended up defending his pay again.

“The board decides what I make,” Dimon told Axios co-founder James VandeHei, echoing a response he gave Congress in May, before the panel awarded him a surprise five-year retention bonus. When VandeHei countered by suggesting they could ask their boards to cut their pay, Dimon says his would take offense. The CEO’s compensation is part of a broader “umbrella” designed to retain senior management, he said.