JPMorgan’s Jamie Dimon was best paid CEO last year—but look who came fourth

Being a bank CEO is a lucrative job. This is the case if you are one of the top 10 highest paid executives at least.

Jamie Dimon, head of the power JPMorgan banking conglomerate led the way bringing in over $28 million in compensatoin. This is not surprising since that bank is an industry leader and Dimon is the "face of the bank". Under his tenure, JPMorgan has grown significantly with a nice payback to the shareholders.

The next two spots are household names. CEP Brian Moynihan came in at $21.3 million while Citigroup Michal Corbat $17.8 million. Both banks are international in scale although BOA is one of the largest savings bank in the United States.

There could be a dilemma for many at the number 4 spot.

Wells Fargo is mired in a number of scandals the last couple of years. So far this years, the bank agreed to $1.619 billion in fines and paybacks for activites that was detrimental to their customers.

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Goldman Sachs and Morgan Stanley did not make the list.

The other spots were taken by CEOs from regional banks. This ranged from William Demchak of PNC at $13.2 million to O.B. Grayson Hall of regions at $9.4 million.

It might be questionable whether shareholders are getting a good return on their money. The banking sector trailed the overall markets in 2018 providing a negative return in share price. This means that people would have fared much better if they put their money in the DJIA or S&P. They are up 1.3% and 4.8% repectively.

The banking SPDR fund is down 1.2% on the year.