JPMorgan Chase CEO Jamie Dimon got his first raise in two years in 2015, even though many shareholders had objected to his pay package.
Dimon received $27 million in 2015, up 35% from the $20 million he received in both 2014 and 2013.
The company’s CEO had no change in his base pay, which remained steady at $1.5 million. He also received a decreased cash bonus of $5 million from $7.4 million the year prior. However, his stock bonus more than doubled from $11.1 million in 2014 to $20.5 million in 2015.
More than a third (38%) of shareholders opposed Dimon’s pay in a vote at last year’s annual meeting.
ISS Proxy Advisory Services and Glass Lewis, supported plans that would have stripped Dimon of his chairman title.
Dimon and his team moved against those arguments and JPMorgan reported record net income of $24.4 billion, up 12% over the previous year.
Shares at the company rose less than 6% throughout last year, and are down 16% so far this year.