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Jamie Dimon, CEO of JP Morgan, hints at retirement, raising questions about his successor amid a competitive landscape. Potential candidates include Daniel Pinto, Jennifer Piepszak, Marianne Lake, Troy Rohrbaugh, and Mary Callahan Erdoes, each bringing unique strengths. The evolving cultural climate poses challenges, particularly for a female CEO, as the bank navigates its approach to diversity and inclusion.
Troy Rohrbaugh, co-CEO of JPMorgan Chase, sold 25,000 shares of the bank's stock for approximately $6.18 million, retaining 133,381 shares directly and more through a 401(k). The bank reported a 14.5% revenue growth and a 2.3% dividend yield, continuing its commitment to shareholder value. Additionally, JPMorgan's acquisition of the student-finance startup Frank yielded only 10 new checking accounts, and the bank has rebranded its Diversity, Equity, and Inclusion programs to align with market trends.
JPMorgan Chase has increased CEO James Dimon's compensation to $39 million for 2024, which includes a base salary of $1.5 million and a performance-based incentive of $37.5 million. Dimon, who has led the bank for nearly two decades, plans to retire within the next five years, with the board already considering potential successors.
Jennifer Nason, JPMorgan Chase & Co.'s global chair of investment banking, will retire after nearly 40 years with the firm. She began her career in 1986 as a corporate finance trainee in the metals and mining mergers and acquisitions team and is set to step down early next year. Following her retirement, Nason will join the board of Accenture.
Troy Rohrbaugh
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the race to succeed jamie dimon at jp morgan intensifies
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