JPMorgan’s Dimon Laments Income Inequality, Won’t Assail CEO Pay

JPMorgan Chase & Co.’s billionaire Chief Executive Officer Jamie Dimon called U.S. income inequality a “huge problem,” but he stopped short of saying America’s top executives were being paid too much.

In an interview airing Sunday on CBS’s “60 Minutes,” Dimon said he is optimistic about the economy and admitted that his high-profile job made him a target of some criticism. But asked whether his compensation -- about $31 million in total for 2018 -- was too high, he said: “The board sets mine. I have nothing to do with it,” referring to the bank’s directors.