JPMorgan gives Jamie Dimon options ‘award’ to remain CEO for another five years

Jamie Dimon has been at the helm of JPMorgan Chase since before the financial crisis — and the board doesn’t want him going anywhere.

As a “special award” on Wednesday, the JPMorgan Chase board granted the billionaire CEO a trove of new stock options worth an estimated $50 million. But to get the money, Dimon has to stick around as CEO at least five more years and won’t be able to sell the shares until 10 years from now. Also, Dimon will only make money if he can hike the share price higher.