Don’t Cry for the Lowest Paid Wall Street Mega Bank CEO Just Yet; He’s Moving Up Fast

December 06, 2023

by Pam Martens and Russ Martens Wall Street on Parade

To stem some of the whining by the CEOs of the eight largest Wall Street mega banks at a Senate Banking hearing today (where they are expected to gripe about newly proposed higher capital requirements and whimper that it will hurt their ability to make loans to the little folks) the Banking Committee released the CEOs’ 2022 total compensation and its ratio to their bank’s median worker.

Among the most embarrassing and obscene pay packages was the 2022 compensation to Jamie Dimon, Chairman and CEO of JPMorgan Chase, which came in at $34.9 million. The ratio of Dimon’s pay to the pay of the median worker at JPMorgan Chase was 393 to 1, the highest among the eight CEOs at the hearing. (For more on the zombie Board at JPMorgan Chase that keeps rewarding Dimon for the bank’s serial criminal behavior, see our report: After JPMorgan Chase Admits to Its 4th and 5th Felony Charge, Its Board Gives a $50 Million Bonus to Its CEO, Jamie Dimon.)