JPMorgan's billionaire boss Jamie Dimon was again paid $31.5 million in 2020, having warned in 2019 that income equality was a 'huge problem'
- JPMorgan's CEO Jamie Dimon earned $31.5 million from the baking giant in 2020, it announced on Thursday.
- He received a $1.5 million salary, $5 million cash bonus, and $25 million of restricted stock tied to performance.
- Dimon has repeatedly said that income inequality is a massive problem in the US.
JPMorgan's CEO Jamie Dimon, who in 2019 decried income inequality, was paid $31.5 million in 2020, the bank announced on Thursday.
JPMorgan paid Dimon a salary of $1.5 million, as well as a $5 million cash bonus and $25 million of restricted stock tied to performance, according to a regulatory filing. He was also paid $31.5 million in 2019, Reuters reported, which was a 1.6% increase from the $31 million he received in 2018.The company smashed past analyst predictions for its 2020 fourth-quarter earnings and revenue per employee surged 22% during the year - but it spent an average of only 1% more on each employee in 2020, Bloomberg reported. Wall Street banks increased average pay per employee by just $271 over the year, the report said.
Dimon, who has a net worth of $1.7 billion, warned in an interview on CBS' 60 Minutes in November 2019 that the wage gap between the rich and the poor was a "huge problem" and that people were being "left behind."After being asked whether his salary was too high and if he would return some of it, Dimon responded: "I could. Is that gonna solve any of those problems?"
—60 Minutes (@60Minutes) November 11, 2019
"And by the way, this wealthy New Yorker actually earned his money," Dimon said, referring to himself. "It wasn't a gift from daddy."
Insider has approached JP Morgan for a comment from Dimon.
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