JPMorgan BOGATO rewarded the director to RETAIN him

JPMorgan BOGATO rewarded the director to RETAIN him

JPMorgan richly rewarded CEO Jamie Dimon to keep him in that position.

Dimon was granted 1.5 million rights to increase the value of the shares (a form of option contract that can be exercised in five years if the share price rises).

Shares of JPMorgan closed at $ 149.71 on Tuesday, after rising 18 percent this year, due to the reopening of the economy.

“This special award reflects the board’s desire for Mr. Dimon to continue to run the company for the next significant number of years,” the bank said in a regulatory application.

Those options could bring Dimon a profit of approximately $ 49 million after a 10-year approval schedule, the Financial Times reported.

“In passing the special award, the board took into account the importance of Mr. Dimon’s continued long-term management, continuity of leadership and legacy planning in a highly competitive environment for executive leadership talent,” the bank said.

Dimon has been at the helm of JPMorgan since 2005 and is one of the longest-serving active CEOs.
He earned $ 31.5 million last year.

Source: SEEbiz

Photo: screenshot


Source: BIZlife by www.bizlife.rs.

*The article has been translated based on the content of BIZlife by www.bizlife.rs. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!