By MyBankTracker  Wed Jan 16, 2013

JPMorgan Chase CEO’s Salary to Get Halved

Jamie Dimon, CEO of JPMorgan Chase, is being punished by the banking gods because his yearly compensation is about to get halved, reports The New York Times.

The board of JP Morgan has decided that after the company posted $6 billion in trading losses last year, Dimon’s compensation no longer deserved to be $23 million, and halved it to about $11.5 million.

The $11.5 million comprises of a $1.5 million salary and a $10 million bonus, so we’re not going to cry for him just yet.

Chase is the largest retail U.S. Bank.

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  • Ray Lebowski

    Was that $6 million, or $6 billion? I know that to the likes of smug, arrogant Jamie Dimon, it’s just a matter of zeros, but it really is a lot of money.