JPMorgan Chase is the ninth Dow Industrial Company I have researched on Top-Tier Executives Average % Pay Raises Per Year and its 8.5% is the second lowest of the nine Dow Companies.
In 2008, the first year of the 2008-9 horrific US Financial Meltdown which financially devastated so many US citizens in the middle and lower economic classes, the JPMorgan Chase's Top-Tier Group of Executives had Total Compensation of $99.9 mil, amazingly up a staggering 21% from the $82.3 mil in 2007.
JPMorgan Chase Chairman and CEO Jaimie Dimon had Total Compensation of $35.8 mil in 2008, up an even more staggering 24% from the $28.9 mil in 2007.
On one positive note from a fairness standpoint, Jaimie Dimon's Total Compensation was reduced to only $1.3 mil in 2009, the second year of the 2008-2009 US Financial Meltdown.
The US Government should pass wisely-designed Fair Pay Raise Income Inequality Narrowing tax incentives ..... the carrot ..... and wise tax disincentives ..... the stick.
The US Government should also require all US Corporate Boards to include at least one worker representative or else Income Inequality will never narrow.
I will continue this same research for many other large US Companies to get a better handle on just why the US has such massive continuing Income Inequality Expansion.
FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | ||||||||
JPMorgan Chase | 2018 | 2017 | 2017 | 2016 | 2016 | 2015 | 2015 | 2014 | 2014 | 2013 | |||||||
Top-Tier | Total | Total | Total | Total | Total | Total | Total | Total | Total | Total | |||||||
Executive | Comp | Comp | Comp | Comp | Comp | Comp | Comp | Comp | Comp | Comp | |||||||
$ 000s | $ 000s | $ 000s | $ 000s | $ 000s | $ 000s | $ 000s | $ 000s | $ 000s | $ 000s | ||||||||
Dimon | 30,034 | 28,322 | 28,322 | 27,237 | 27,237 | 18,230 | 18,230 | 27,702 | 27,702 | 11,792 | |||||||
Pinto | 21,106 | 19,016 | 19,016 | 20,023 | 20,023 | 16,687 | 16,687 | 15,834 | 15,834 | 17,273 | |||||||
Smith | 20,804 | 19,407 | N/A | N/A | N/A | ||||||||||||
Erdoes | 19,900 | 19,242 | 19,242 | 18,432 | 18,432 | 17,100 | 17,100 | 15,662 | 15,662 | 15,800 | |||||||
Lake | 14,161 | 12,961 | 12,961 | 11,649 | 11,649 | 10,512 | 10,512 | 9,151 | 9,151 | 8,229 | |||||||
Zames | 18,711 | 17,601 | 17,601 | 17,017 | 17,017 | 17,400 | |||||||||||
Totals | 106,005 | 98,948 | 79,541 | 77,341 | 96,052 | 80,130 | 80,130 | 85,366 | 85,366 | 70,494 | |||||||
Annual % Change | 7.1% | 2.8% | 19.9% | -6.1% | 21.1% | ||||||||||||
FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | FYE | ||||||
JPMorgan Chase | 2013 | 2012 | 2012 | 2011 | 2011 | 2010 | 2010 | 2009 | 2009 | 2008 | 2008 | 2007 | |||||
Top-Tier | Total | Total | Total | Total | Total | Total | Total | Total | Total | Total | Total | Total | |||||
Executive | Comp | Comp | Comp | Comp | Comp | Comp | Comp | Comp | Comp | Comp | Comp | Comp | |||||
$ 000s | $ 000s | $ 000s | $ 000s | $ 000s | $ 000s | $ 000s | $ 000s | $ 000s | $ 000s | $ 000s | $ 000s | ||||||
Dimon | 11,792 | 18,717 | 18,717 | 23,105 | 23,105 | 20,816 | 20,816 | 1,322 | 1,322 | 35,765 | 35,765 | 28,888 | |||||
Pinto | 17,232 | 17,010 | N/A | N/A | |||||||||||||
Erdoes | 15,800 | 14,746 | 14,746 | 15,393 | 15,393 | 10,893 | 10,893 | 10,454 | N/A | N/A | |||||||
Lake | N/A | N/A | |||||||||||||||
Zames | 17,400 | 16,604 | N/A | N/A | |||||||||||||
Braunstein | 10,538 | 13,038 | 13,038 | 16,669 | N/A | N/A | |||||||||||
Drew | 15,510 | 15,943 | N/A | N/A | |||||||||||||
Staley | 17,625 | 13,619 | 13,619 | 8,960 | 8,960 | 15,713 | 15,713 | 14,600 | |||||||||
Black | 16,076 | 7,962 | 7,962 | 19,189 | 19,189 | 15,614 | |||||||||||
Scharf | 11,218 | 6,917 | 6,917 | 15,538 | N/A | N/A | |||||||||||
Winters | 20,040 | 19,514 | 19,514 | 15,955 | |||||||||||||
Cavanaugh | 9,046 | 6,127 | 6,127 | 9,705 | 9,705 | 7,256 | |||||||||||
Totals | 62,224 | 67,077 | 44,001 | 51,536 | 84,671 | 77,940 | 81,668 | 41,742 | 51,328 | 115,424 | 99,886 | 82,313 | |||||
Annual % Change | -7.2% | -14.6% | 8.6% | 95.6% | -55.5% | 21.3% | |||||||||||
11 Year Avg Per Year % Change | 8.5% |