Investment Banking

JPMorgan boss Jamie Dimon pockets fresh retention bonus

Battle for top talent sees one of Wall Street's longest serving executives rewarded

Wednesday 21 July 2021 at 11:12

Despite succession talk, bank looks to hold on to long-standing boss
Despite succession talk, bank looks to hold on to long-standing boss Photo: Getty Images/Kena Betancur

JPMorgan Chase's board gave Jamie Dimon new stock options as a retention bonus, signaling that the largest US bank wants its chief executive to stay on for several more years.

The 1.5 million options will increase in value so long as JPMorgan's stock price rises and become exercisable in five years, the bank said in a regulatory filing.