JPM Chief Executive Dimon Pay Ratio Among the Highest of Big U.S. Banks

By Emily Glazer 

JPMorgan Chase & Co. said in 2017 Chief Executive James Dimon earned 364 times as much as the median bank employee, according to the largest U.S. bank by asset's annual proxy filing.

JPMorgan in mid-January disclosed that Mr. Dimon received $29.5 million in total compensation in 2017, up 5.4% in 2016. Mr. Dimon earned the most out of the six largest U.S. bank CEOs.

The proxy filing, which uses a slightly different pay calculation of $28.3 million for Mr. Dimon, is one that other big banks and companies are making for the first time.

J.P. Morgan has among the highest ratios of its peers. Citigroup CEO Michael Corbat's pay in 2017 was 369 times that of the median employee's at the global bank, according to its proxy. Bank of America Corp. said in its proxy that CEO Brian Moynihan earned 250 times as much as the median bank employee. Wells Fargo & Co. said its CEO Timothy Sloan earned 291 times as much as the median WFC salary, according to its proxy.

JPMorgan also disclosed that its annual shareholders meeting will be held on May 15 at one of its corporate centers in Plano, Texas.

Write to Emily Glazer at [e-mail]

(END) Dow Jones Newswires

March 21, 2018 18:03 ET (22:03 GMT)

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