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Should JP Morgan pay its boss £24m a year?

Should JP Morgan pay its boss £24m a year?
Friday 18
23:30 2019

Two stories from the banking sector this week highlight the difference between how business is done in the United States and Europe. In the US it has emerged overnight that Jamie Dimon, the chief executive of JP Morgan Chase, America's biggest bank, was paid $31m (£24m) during 2018, representing a 5% pay increase. The package is the most Mr Dimon has been paid in a year, exceeding the record $30m he received in 2007, prior to the financial crisis. The pay-out could ultimately turn out to be worth substantially more than that, however, as most of it came in the ...

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Read more from Sky News : Should JP Morgan pay its boss £24m a year?
Sky News : Should JP Morgan pay its boss £24m a year?

Summary: Two stories from the banking sector this week highlight the difference between how business is done in the United States and Europe.

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