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February 16, 2018 at 08:47 AM
For the second straight year, Jamie Dimon was the highest-paid chief executive officer of a Wall Street bank, while Michael Corbat got the biggest raise for 2017.
Dimon, the JPMorgan Chase & Co. CEO, was paid $29.5 million, a 5.4% raise that was the smallest increase among the five biggest Wall Street banks.
Citigroup Inc. boosted Corbat’s pay 48% to $23 million.
Corbat, 57, oversaw a 25% jump in Citigroup’s shares last year that outpaced the 16% increase in the 24-company KBW Bank Index. Revenue climbed 2.3% from 2016 to $71.4 billion.
Dimon’s award was his second-biggest since taking the top job in 2005. JPMorgan posted record adjusted profit of $26.5 billion for 2017 and its shares rose 24%.
