JPMorgan boosts CEO Dimon's pay to USD 20 million
The bank said today that Dimon will receive total compensation of USD 20 million in 2013, consisting of USD 18.5 million in stock options and a base salary of USD 1.5 million. That compares with total compensation of USD 11.5 million a year earlier, down from USD 23 million in each of the previous two years.
The bank's board says it took several factors into account when deciding on Dimon's pay, including the "sustained long-term performance" of the bank, gains in market share and customer satisfaction as well as his handling of the legal issues facing the lender.