The men running two of Wall Street’s biggest banks saw the value of their shareholdings rise by a combined $314m in 2016 as stock market prices rocketed in the aftermath of Donald Trump’s election as US president.
But while Jamie Dimon and Lloyd Blankfein each enjoyed $150m-plus rises in the value of their stock and options in JPMorgan Chase and Goldman Sachs, respectively, the average gains for the other 18 best-paid chief executives at international banks last year was $4m.
Following Mr Trump’s victory on November 9, shares in US banks soared — for example Goldman’s stock price increased 24 per cent in the last seven weeks of 2016. By contrast, Deutsche Bank’s share price fell 23.5 per cent last year, leading to a drop in CEO John Cryan’s stock-related holdings of more than $4.5m for the year.