JPMorgan announced that Chief Executive Jimmy Dimon, who had warned of income inequality among members of society, has taken $ 31.5 million from the bank after a year of outstanding growth.
The American billionaire Damon has always expressed the need for more equitable capitalism, but today he is getting richer, in light of a pandemic that has struck employees of all stripes, and made them look anxiously at the future of their power under the capitalist system, in which banks are preparing to reserve the corner.
Damon has warned that income inequality has “bifurcated the economy” in America, yet he earned $ 31.5 million in 2020.
According to the British newspaper, The Guardian, news of this value of the annual bonus is likely to shed light on a figure who has expressed the need for more caring and equitable capitalism, yet it seems that she has increased her wealth dramatically at a time when the economy is suffering tremendous suffering due to the pandemic Corona Virus.
Despite being blessed with billions, JPMorgan’s CEO says COVID-19 is a “wake-up call” to build a fairer society, and in return JPMorgan pays Jimmy Dimon a $ 1.5 million salary, $ 5 million cash bonus, and $ 25 million in restricted shares linked. Performance, according to an organizational file.
Total payments to Dimon were similar to what it received from the bank last year, although the bank enjoyed “stellar” growth in some areas, according to analysts.
In 2019, JP Morgan paid Dimon $ 31.5 million, an increase of 1.6% from the $ 31 million he earned in 2018.
Its latest salary deal comes after the bank reported better-than-expected quarterly results last week, boosting fourth-quarter revenue to $ 30.16 billion in revenue, beating analyst estimates.
Damon, whose fortune is estimated by Forbes at $ 1.7 billion, is one of the billionaires who have warned that the excesses of capitalism threaten the foundations of society.
In 2019 Damon told CBS’s 60 Minutes that income inequality was a “big problem” but he avoided questions about his salary.