04 October 2021

"I wouldn't want to offend my Board of Directors"

“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.

The board awarded Dimon $31.5 million in compensation for 2020. 

3 comments:

  1. One day soon .... pitchforks honed.

    ReplyDelete
  2. He is probably the only CEO to deserve that amount, I think. He has kept JPMorgan Chase very strong for years. Further, having worked for JPMorgan Chase for a number of years, I have sent certain ideas to Dimon (since they were bigger than any one department), and he would respond virtually every time, often instructing a fellow recipient of the email to research the matter for use.

    I can hardly get that good of a response from CEO or leaders within other organizations.

    Just my opinion.

    ReplyDelete
  3. This is the guy who kept raising the salaries of hourly workers at Chase during the pandemic. What a jerk!

    ReplyDelete

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