QABSY - Is Longtime JPMorgan Chief Jamie Dimon Ready To Retire? Another CEO Sold Shares Prior To Exiting | Benzinga
Jamie Dimon's recent decision to sell 1 million shares of JPMorgan Chase (NYSE: JPM), where he has been at the helm as CEO since 2006, is perhaps an indication that the 67-year-old "is getting closer to retirement.”
That's according to Wells Fargo analyst Mike Mayo, who predicts Dimon will transition from his current role in about three and a half years.
If Dimon stays with the bank until 2026, he has a generous, board-approved bonus of 1.5 million options waiting for him — but only if he gets the stock price back up to $149. The stock closed Friday, Oct. 27, at around $135.69 per share.
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Dimon has reportedly never sold shares of JPMorgan before. And CEOs selling stock ahead of retirement ...