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: BIZlife by www.bizlife.rs.
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