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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWho says crime doesn't pay?
JPMorgan Chase & Co. (JPM) gave Chief Executive Officer Jamie Dimon a 74 percent raise to $20 million last year, bringing his pay closer to where it stood before the board faulted his oversight of botched derivatives bets.
Dimon, who also serves as chairman, received $18.5 million in restricted stock, the New York-based lender said today in a regulatory filing. His salary was unchanged at $1.5 million, and he got no cash bonus, according to the filing.
While board members boosted Dimons pay from 2012, they kept it below levels from prior years after JPMorgan was beset by regulatory and criminal probes, agreeing to more than $23 billion in settlements in 2013. The board had cut his package in half last January to $11.5 million after finding he bore responsibility for faulty oversight of botched derivatives bets.
Dimons 2012 compensation, which included $10 million in restricted shares, was less than at least three of his subordinates, including Mike Cavanagh and Daniel Pinto, the corporate and investment bank co-heads who got $17 million apiece. Among CEOs of the six largest U.S. banks, Dimons pay tied for fourth. His compensation package had ranked No. 1 a year earlier. ..................(more)
The complete piece is at: http://www.bloomberg.com/news/2014-01-24/jpmorgan-increases-dimon-s-total-pay-to-20-million-for-2013.html
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Who says crime doesn't pay? (Original Post)
marmar
Jan 2014
OP
shenmue
(38,506 posts)1. Crime pays better than my job
That's for sure.
unblock
(52,245 posts)2. big crime pays. it's only the small crime that gets prison time.
GeorgeGist
(25,321 posts)3. Let me know when its legal ...
to hunt these fuckers.