Fed Governor Lisa Cook Sees Private Credit as Emerging Issue pymnts.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pymnts.com Daily Mail and Mail on Sunday newspapers.
Independent members of the bank s Board of Directors approved the package on Thursday, which includes an annual base salary of $1.5 million and performance-based variable incentive compensation of $30 million, comprised of $5 million in cash and $25 million in the form of performance share units , according to an SEC filing. In determining Mr. Dimon s compensation, the independent members of the Board took into account the Firm s strong performance in 2020 and over the long term, across four broad dimensions: business results; risk, controls & conduct; client/customer/stakeholder; and teamwork & leadership, the company said.
JPMorgan is the first large U.S. bank to report the compensation of its chief executive.