logo
Plus   Neg
Share
Email

JPMorgan CEO James Dimon's 2017 Total Compensation Up 5.4% To $29.50 Mln

JPMorgan Chase & Co. (JPM) disclosed in a regulatory filing that the independent members of the Board of Directors approved Chief Executive Officer James Dimon's total compensation for 2017, in the amount of $29.50 million, an increase of 5.4 percent from last year's $28 million.

Dimon's total compensation includes an annual base salary of $1.50 million and performance-based variable incentive compensation of $28 million. $5 million of the variable incentive compensation will be delivered in cash and the remaining $23 million will be delivered in the form of Performance Share Units or "PSUs".

The amount of base salary and cash incentive remains unchanged from last year. Consistent with last year, the key features of the PSU program include a financial metric with absolute and relative performance goals, payout levels, as well as vesting and hold requirements.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
McDonald's Corp. has announced the return of its popular Shamrock Shake milkshake for a limited time at participating U.S. restaurants nationwide. The minty green milkshake is made with McDonald's vanilla soft serve blended with Shamrock Shake syrup and topped with whipped topping. It first debuted on the McDonald's menu in 1970 and has been a seasonal tradition for nearly 50 years. Asia-focused lender HSBC, through its blockchain-powered platform, has reduced the cost of settling foreign exchange trades by 25 percent, Reuters reported quoting a bank executive overseeing the project. Mark Williamson, chief operating officer of FX cash trading and risk management, told that the bank processes between 3,500 and 5,000 trades a day on its "FX Everywhere" system. PepsiCo, Inc. (PEP) reported fourth-quarter core EPS of $1.49 compared to $1.31, prior year. Excluding the impact of foreign exchange translation, core constant currency EPS increased 17 percent year-over-year. On average, 19 analysts polled by Thomson Reuters expected the company to report profit per...
Follow RTT