« FFFT Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

JP Morgan CEO's Pay Halved

By: clo in FFFT | Recommend this post (0)
Thu, 17 Jan 13 2:51 AM | 48 view(s)
Boardmark this board | Food For Further Thought
Msg. 49323 of 65535
Jump:
Jump to board:
Jump to msg. #

It must be a bitch...

JP Morgan CEO's Pay Halved

JPMorgan’s CEO Jamie Dimon won’t be reaping any benefits from the bank’s third consecutive year of record profits. Dimon’s pay will be cut by more than half, the company revealed in an internal report that blamed him for at least $6.2 billion in losses from the “London Whale” trade. Dimon will take home $11.5 million in 2012, including his $1.5 million salary and $10 million in restricted stock—roughly half of his 2011 haul of $23 million. The bank pointed out Dimon’s “egregious mistakes” in the chief investment office that resulted in the Whale flop, for which he “bears ultimate responsibility.”

Read it at The Daily Beast
January 16, 2013 12:37 PM




Avatar

DO SOMETHING!




» You can also:
« FFFT Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next