JPMorgan CEO Gets Record Pay -- WSJ
January 18 2019 - 03:02AM
Dow Jones News
By Patrick Thomas
This article is being republished as part of our daily
reproduction of WSJ.com articles that also appeared in the U.S.
print edition of The Wall Street Journal (January 18, 2019).
JPMorgan Chase & Co. Chief Executive James Dimon received a
compensation package valued at $31 million in 2018, up 5% from
$29.5 million in 2017, according to a Thursday securities
filing.
The CEO earned a base salary of $1.5 million and $5 million in
cash, the same as a year ago, and $24.5 million in restricted
equity, according to a filing with the U.S. Securities and Exchange
Commission. His pay exceeds his record compensation of $30 million
in 2007 before the financial crisis.
Mr. Dimon, who has run the bank since late 2005, was the highest
paid banking and finance chief executive in the S&P 500 in
2017. The median pay for the 43 banking and financial CEOs was
$12.1 million, matching median pay for the S&P 500 as a whole,
according to a Wall Street Journal analysis of pay data from
MyLogIQ LLC.
In the filing, the company said it took into account the
company's strong performance in 2018.
The bank reported a profit of $7.07 billion, or $1.98 a share,
in its latest quarterly earnings. JPMorgan's trading revenues
decreased 5.7% to $3.17 billion from about $3.37 billion a year
earlier. For the year, earnings were $32.5 billion, up nearly
23%.
Chief Financial Officer Marianne Lake received a compensation
valued at about $15 million, compared with $13.5 million a year
ago.
Shares of JPMorgan are down about 9% over the past year.
Corrections & Amplifications JPMorgan Chase earned $32.5
billion in 2018. An earlier version of this article incorrectly
stated the figure as $32.5 million.
(END) Dow Jones Newswires
January 18, 2019 02:47 ET (07:47 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
JP Morgan Chase (NYSE:JPM)
Historical Stock Chart
From Feb 2024 to Mar 2024
JP Morgan Chase (NYSE:JPM)
Historical Stock Chart
From Mar 2023 to Mar 2024