JPMorgan CEO sees compensation jump 1,500 per cent to $20.8million

[JohnyCanuck]

He has piloted America's second biggest bank through the financial crisis and come out the other side relatively unscathed.

And now Jamie Dimon, CEO of JPMorgan Chase & Co, is being extremely well rewarded for his efforts.

Dimon's total compensation package was a mere $1.3million in 2009 but in 2010 it jumped nearly 1,500 per cent to $20.8million, based on the U.S. Securities and Exchange Commission's compensation formula, a regulatory filing showed.

Dimon did even better in terms of the value of money and shares actually received: his salary, bonus and stock and options from grants made largely in previous years that were actually exercised in 2010 were worth around $42million.

Read more: http://www.dailymail.co.uk/news/article-1375023/JPMorgan-CEO-sees-compensation-package-jump-1-500-cent-20-8m.html#ixzz1J8SXPjul

[MrTriumph]

1. He piloted JPM through a gov't funded bailout. Not tough work.

x

[somone]

2. And JPMorgan has a great friend in the White House