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JPMorgan CEO Takes Home a King's Ransom for 2011
April 5, 2012
[ by Melanie Gretchen ]
JPMorgan Chase, the largest and most profitable U.S. bank, under the guidance of CEO Jamie Dimon reported its second straight year of record profits - in 2011 the bank booked net income of $19 billion. Appropriately, the bank rewarded Mr. Dimon, 56, a compensation package of $23 million for 2011, about the same as he took home fir 2010. Those numbers far exceeded Mr. Dimon's comp package for for 2009, when he took home salary of $1 million with no bonus.
Rising with the Tide. Following the European sovereign-debt crisis, JPMorgan raised his 2011 salary to $1.5 million, and issued him for the year $17 million in restricted stock and options. Mr. Dimon also received $4.5 million in cash bonus.
The Best-Paid Bankers. And so, Jamie Dimon remains among the nation’s best-paid bankers. By comparison, BofA CEO Brian Moynihan received a compensation package for 2011 of $7 million, while Citi CEO Vikram Pandit ho received $14.9 million. JPMorgan's CEO for the investment bank, Jes Staley, whose numbers fell about 6% from 2010 - neverless received $16 million, including $5.3 in million cash bonus, $7.95 million in restricted stock units, and $2 million in options.
All details reported above for JPMorgan were included in the bank's recently filed proxy statement. For further details, go to [Reuters, 4/4/12].

