Legal News

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

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.


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.


Interesting Legal Sites You May Like




Search Now

Mid-level Litigation Attorney with motions experience


Seattle office of our client seeks mid-level litigation attorney with 3-5 years of experience, inclu...

Apply Now

Environmental /Land Use Attorney with 2-3 years of experience

USA-CA-San Francisco

San Francisco office of our client seeks environmental /land use attorney with 2-3 years of experien...

Apply Now

Litigation Attorney with 2-5 years of insurance defense experience


Jacksonville office of our client seeks litigation attorney with 2-5 years of previous insurance def...

Apply Now

Land Use, Zoning Attorney with 2-6 years of real estate experience


Fishkill office of our client seeks land use, zoning and development attorney with 2-6 years of comm...

Apply Now


Corporate / Commercial Attorney | Lebanon, NH


Downs Rachlin Martin PLLC seeks an experienced corporate / commercial attorney to join its Lebanon o...

Apply now

Business Law Junior Associate | Burlington, VT


Downs Rachlin Martin seeks associate attorney with 1-3 years of experience to join its Commercial an...

Apply now

Business Law Associate | Burlington


Downs Rachlin Martin is seeking an attorney with 4 to 8 years of experience to join its very busy pr...

Apply now

Litigation Associate

USA-NY-New York City

Midtown Manhattan litigation boutique with diverse civil litigation practice seeking associate with ...

Apply now

Most Popular


To Top