Sunday, March 16, 2025 | 03:16 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

JPMorgan entices CEO Jamie Dimon to stick around with surprise stock award

At 65, Dimon is the only sitting bank CEO who led a major firm through the financial crisis

Jamie Dimon, JPMorgan
Premium

Dimon himself has found ways to be non-committal about when he’ll call it quits.

Hannah Levitt & Anders Melin | Bloomberg
Jamie Dimon’s five-year retirement joke just got serious.
 
The billionaire chief executive officer of JPMorgan Chase & Co. was granted a special gift to persuade him to lead the biggest U.S. lender for another “significant number of years.” He was awarded 1.5 million stock appreciation rights, which are like options and will let him capture a profit if the stock price rises in the coming years.

At 65, Dimon is the only sitting bank CEO who led a major firm through the financial crisis. He took over JPMorgan in 2005, and built it into the biggest and most profitable bank

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in