Jamie Dimon, CEO of JPMorgan Chase, received a historic compensation of $39 million in 2024, while numerous employees voiced dissatisfaction with their bonuses. Bonuses have been shared with over 300,000 staff members, yet those in non-investment banking divisions, including commercial and asset management, saw raises between merely 2% and 2.7%. In contrast, investment bankers reportedly enjoyed a 15% increase in bonuses. This disparity led to feelings of being undervalued among employees, particularly in light of the bank's record full-year net income of $58.5 billion and quarterly profits reaching $14 billion, highlighting a concerning gap between executive rewards and staff morale.
JPMorgan Chase CEO Jamie Dimon earned a record $39 million in 2024, while many employees expressed dissatisfaction with their bonuses amid the bank’s strong financial performance.
Employees in non-investment banking divisions received raises of just 2% to 2.7%, contrasting with the higher bonuses received by investment banking colleagues.
Despite the bank’s record-high profits, with 2024 net income at $58.5 billion, employees felt undervalued, indicating a disconnect between executive compensation and employee satisfaction.
One worker expressed feeling "disrespected and undervalued," particularly in light of the bank's significant financial performance and their own minimal bonus increase.
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