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

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