JPMorgan boss Dimon’s pay boosted to $29.5 million while 250,000 workers get no raise.
CEO of US banking giant JPMorgan, Jamie Dimon has received a 5.9 percent increase in his earnings, despite profits falling by one percent. The bank’s workers got no raise.
Dimon now earns around 240 times the average pay of JPMorgan’s 250,000 employees. The CEO’s earnings are comprised of a $1.5 million salary and $28 million in “performance shares” linked to profitability. The average pay of the bank’s employees was not increased.
