JPMorgan Chase & Co. Announces CEO Compensation

In a significant move, JPMorgan Chase & Co. has announced that its Board of Directors has approved a $39 million compensation package for CEO James Dimon for the year 2024. This marks a $3 million increase from his previous year's compensation, reflecting the company's strong performance under his leadership.

Leadership and Financial Success

The compensation package includes a $1.5 million base salary and a $37.5 million performance-based variable incentive. The company credits Dimon's leadership for driving growth across all its market-leading lines of business, achieving record financial results, and maintaining a fortress balance sheet.

Record Revenue Growth

This decision follows JPMorgan's report of a 10% annual increase in revenue, reaching $43.7 billion in the fourth quarter of fiscal 2024, further justifying the compensation adjustment for its CEO.