JPMorgan Salary Package Grows as Pay Limits Are Thwarted
Executive Pay Rules: U.S. vs. Europe
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Daniel Pinto earned a higher salary last year than his boss, Chief Executive Officer Jamie Dimon, according to JPMorgan Chase & Co.
Dimon made more when factoring in bonuses and awards such as stock options in addition to his $1.5 million salary. But Pinto, the CEO of JPMorgan’s corporate and investment bank, took home a $7.4 million salary, 10 times more than he did in 2013 and the highest such payment from a U.S.-based public company, according to data compiled by Bloomberg. Pinto’s raise includes a “cash fixed allowance” while his bonus went to zero from more than $8 million in 2013, the bank said in a regulatory filing.