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JP Morgan head’s paycheck tops counterparts for 2nd straight year

JP Morgan head’s paycheck tops counterparts for 2nd straight year

Mubasher: JP Morgan’s chairman Jamie Dimon maintained his rank on top of Wall Street banks’ highest-paid chief executive officers’ (CEOs) list for the second consecutive year in 2017.

However, Dimon’s salary grew 5.4% only to $29.5 million, posting the smallest annual raise among the top five bank CEOs.

Morgan Stanley's CEO James Gorman came in the second place with a yearly growth of 20% to $27 million, followed by CEOs of Goldman Sachs, Citigroup, and Bank of America.

Meanwhile, Citigroup’s Michael Corbat registered a salary increase of 48% to $23 million, marking the largest raise last year.