Legal News

JPMorgan Chase & Company CEO Gets Raise after Billions in Fines
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

JPMorgan Chase & Company will pay Chairman and CEO Jamie Dimon $20 million for his work during 2013, after restoring most of the $11.5 million cut directors inflicted a year earlier after the company’s spin-off loss. On Friday, in a public filing, the company said that the CEO’s 2013 pay is a base salary of $1.5 million plus $18.5 million of restricted stock.

The board of directors at JPMorgan gave a raise to Dimon, even after profits fell 16 percent in 2013. That same year the company paid the government and private investors billions to settle various claims, whether for mishaps relating to mortgage backed securities or to the energy market. While investor’s and the public may balk at such a such a raise, Dimon’s pay is not totally uncommon when compared with other CEOs on Wall Street.

  
What
Where


Interestingly, after the giant financial institution settled with government, and saw a huge extraordinary item on their balance sheet, as well as lost investor sentiment because of the London Whale debacle and several others, some on the board of directors felt that Dimon’s stewardship of the financial institution was less than stellar. According to CNBC, “The debate pitted a vocal minority of directors who wanted to keep his compensation largely flat, citing the approximately $20 billion in penalties JPMorgan has paid in the last year to federal authorities, against directors who argued that Mr. Dimon should be rewarded for his stewardship of the bank during such a difficult period. Supporters argue against those accusations, saying that Jamie Dimon helped guide JPMorgan out of its most troublesome times. Ultimately, the firm survived to invest another day. For employment at JPMorgan, click here.



 

RELEVANT JOBS

Civil Associate Attorney

USA-CA-Roseville

Law firm seeking a general civil litigation associate with 5+ years of civil litigation experience. ...

Apply now

Associate Attorney

USA-CA-San Diego

Brightside Law Group is growing! We are looking for an Associate Attorney to join our Special Educat...

Apply now

Associate Attorney

USA-CA-San Diego

Brightside Law Group is growing! We are looking for an Associate Attorney to join our Special Educat...

Apply now

Paralegal / Data Analyst

USA-DC-Washington

Kalijarvi Chuzi Newman & Fitch (KCNF), a boutique employment law firm, seeks a full-time Paralegal t...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Mergers and Acquisitions Associate Attorney

USA-VA-Richmond

Richmond office of a BCG Attorney Search Top Ranked Law Firm seeks mergers and acquisitions associat...

Apply Now

Bankruptcy/Creditors' Rights Attorney

USA-NJ-Cedar Knolls

Cedar Knolls office of a BCG Attorney Search Top Ranked Law Firm seeks bankruptcy/creditors\' rights...

Apply Now

Plaintiff's Mass Torts Attorney

USA-NY-New York City

New York City office of a BCG Attorney Search Top Ranked Law Firm seeks a plaintiff\'s mass torts at...

Apply Now

SEARCH IN ARCHIVE

To Top