Jim Cracchiolo is the CEO of Ameriprise Financial, a position he has held since October 3, 2005. He played a significant role in guiding the company through its spin-off from American Express. Cracchiolo has a solid foundation in finance, holding...
Jim Cracchiolo is the CEO of Ameriprise Financial, a position he has held since October 3, 2005. He played a significant role in guiding the company through its spin-off from American Express. Cracchiolo has a solid foundation in finance, holding a B.A. in Economics from the University of Michigan. Over the years, his leadership has focused on creating a client-centric culture and providing long-term shareholder value, which has been key to Ameriprise’s growth. Cracchiolo’s total compensation in 2023 was $10 million, with a substantial portion tied to performance-based bonuses reflecting the company's success. His insider trading activity shows he has substantial personal stakes in the company, demonstrating his commitment to its growth. He has made significant trades over the years, peaking around values like $70 million in 2024. His strategy aligns executive pay with performance metrics like earnings and shareholder returns, crucial for attracting and retaining top talent in this competitive sector. Cracchiolo’s influence continues to shape Ameriprise’s direction and operational success.