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Jamie Dimon awarded hundreds of millions of dollars to stay at JPMorgan for the foreseeable future | CNN Business

July 21, 2021. Summarized by summa-bot.

Compression ratio: 29.9%. 1 min read.

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during a Bloomberg Television interview on the sidelines of the JP Morgan Global China Summit in Beijing, China, on Wednesday, May 8, 2019. Dimon??put the odds of the U.S. and China reaching a trade deal at 80 percent, sounding a note of optimism even after the rising specter of tariffs roiled global markets. Photographer: Giulia Marchi/Bloomberg

JPMorgan Chase really, really wants CEO Jamie Dimon to stick around.

JPMorgan Chase really, really wants CEO Jamie Dimon to stick around.

The investment bank awarded Dimon 1. 5 million stock options on July 20 — priced at the average price of JPMorgan’s stock on Tuesday, according to a filing with the Securities and Exchange Commission.

“This special award reflects the Board’s desire for Mr. Dimon to continue to lead the Firm for a further significant number of years,” the bank said in the filing.

Dimon has been president and CEO of JPMorgan Chase since January 2006.

JPMorgan said in the filing that the options are not part of Dimon’s compensation and won’t be awarded on a recurring basis.

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