JPMorgan raises CEO pay to $20M

Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co., received a 74 percent pay increase for 2013, the same year the company paid $20 billion in legal settlements and admitted to misleading investors ahead of the 2008 financial crisis.
The CEO of the nation’s largest bank received $20 million, including $18.5 million of restricted stock recently awarded, the company said in a public filing on Friday.
The raise comes after a year in which Dimon’s leadership at the bank coincided with a slew of legal penalties, including a massive settlement with the Justice Department over fraudulent activities.

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Photo: Gary Cameron/Reuters

JPMorgan raises CEO pay to $20M

Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co., received a 74 percent pay increase for 2013, the same year the company paid $20 billion in legal settlements and admitted to misleading investors ahead of the 2008 financial crisis.

The CEO of the nation’s largest bank received $20 million, including $18.5 million of restricted stock recently awarded, the company said in a public filing on Friday.

The raise comes after a year in which Dimon’s leadership at the bank coincided with a slew of legal penalties, including a massive settlement with the Justice Department over fraudulent activities.

Read more

Photo: Gary Cameron/Reuters

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