Wednesday, Apr 16th

Last update02:37:08 AM GMT

You are here News Economy JP Morgan boss Jamie Dimon pay rises to $20m in 2013

JP Morgan boss Jamie Dimon pay rises to $20m in 2013

E-mail Print PDF

Jamie DimonThe chairman and chief executive of JP Morgan, Jamie Dimon, will be paid $20m (£12.1m) for the past year's work.

Mr Dimon's pay was cut to $11.5m in 2012 following huge trading losses. This was half the $23m he received in 2011.

JP Morgan's profits fell 16% last year, after costs resulting from legal issues dented the bank's figures. For 2013, Mr Dimon was paid $1.5m as a basic salary, and an additional $18.5m in shares, the company said. Over the past year, JP Morgan has paid around $20bn to regulators for various violations relating to the US financial crisis.

Mr Dimon's pay was initially cut after the so called "London Whale" trading loss, in which a single JP Morgan trader wracked up losses of $6bn.

The bank has also been caught up in another high-profile banking scandal - the manipulation of a key interest rate, the London inter-bank offered rate, or Libor.


Most Recent Related Stories...

Judge says will accept SAC Capital guilty plea

SAC guilty pleaA federal judge agreed to accept SAC Capital Advisors' guilty plea to fraud charges in the...

SEC Goldman Lawyer Says Agency Too Timid on Wall Street Misdeeds

SECA trial attorney from the Securities and Exchange Commission said his bosses were too “tentative and...

U.S. Obama signs executive order on equal pay for women

equal pay for equal workKeeping with his promise to champion women’s rights in the workplace, President Barack Obama signed an...

U.S. stock markets are rigged, says author Michael Lewis

stock market riggedThe U.S. stock market is rigged in favor of high-speed electronic trading firms, which use their...
America's # 1 Enemy
Tee Shirt
& Help Support!
TVNL Tee Shirt
Conserve our Planet
& Help Support!
Get your 9/11 & Media
Deception Dollars
& Help Support!
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!