Community > Society and History

JPMorgan Chase CEO only gets $11.5 million for 2012

(1/1)

dpareja:
http://www.cbc.ca/news/business/story/2013/01/16/business-jp-morgan-dimon.html


--- Quote ---JPMorgan Chase reported a 55 per cent jump in earnings for the last three months of 2012 as mortgage fees and other income surged. The bank also released internal reviews of a surprise $6 billion trading loss that has drawn sanctions from regulators and said it would cut its CEO's pay as a result.

JPMorgan, the country's biggest bank by assets, will pay Jamie Dimon $11.5 million for 2012, consisting of $1.5 million in salary and restricted stock awards of $10 million. That's less than half what he made last year, $23 million, which made him the highest-paid chief executive of any of the country's mega-banks.

The bank's board of directors sets the pay for Dimon and other top executives. In a call with reporters, Dimon said he wasn't involved in their decision but respected it. When a reporter asked him for his "gut feeling," he replied, "Nope, you're not gonna get it."
--- End quote ---

Clearly this will put the poor fellow in the poorhouse.

kefkaownsall:
sheds a tear oh wait that is me with my min wage job cuttting onions

Katsuro:
I shed a tear too...but in my case it was me without a job for several years thinking about how I might be better off dead.

Navigation

[0] Message Index