Wall Street bosses have had another year of bumper pay cheques, says the Financial Times.
JPMorgan Chase paid its CEO and chairman Jamie Dimon $34.5m for 2021, an increase of $3m from the past two years and his biggest pay packet since 2008.
The bank, the biggest in the US by assets, reported record profits for the year of $48.3bn, due to booming deal making activity.
Morgan Stanley’s CEO and chairman James Gorman pocketed $35m last year, up $2m from 2020.
He earned $1.5m in base salary, an $8.4m cash bonus, a $5m deferred share award and performance-based stock worth $20.1m.
Goldman Sachs’s David Solomon, the bank’s CEO and chairman, also banked $35m after the bank doubled his pay for last year.
His pay had been reduced by $10m to $17.5m for 2020 after the bank admitted paying bribes related to the Malaysian sovereign wealth fund, the 1Malaysia Development Berhad.
Kris Paterson is a writer for WhatJobs.com