JPMorgan boss Jamie Dimon defended his eye-popping $31.5 million salary as the result of the country’s “free market” which “everyone should applaud” during an interview about the bank’s multibillion-dollar pledge to combat racial inequality.
The company’s board paid Dimon the massive pay package for 2020, and they’ve awarded millions more in stock options if the CEO sticks around for at least five years.
“The board decides what I make,” Dimon told Axios co-founder James VandeHei in an interview that aired Sunday evening.
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