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For Jamie Dimon, another $34 million could be on the way


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For Jamie Dimon, another $34 million could be on the way

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 kbit 
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As if $20 million isn’t enough, Jamie Dimon could be getting paid a whole lot more.

As Bloomberg News lays out, the board of J.P. Morgan Chase & Co. JPM +0.96% is deciding whether CEO Dimon can collect 2 million of stock options granted in 2008 that are now worth about $34 million.

The board was supposed to decide a year ago how many of the options Dimon could redeem. But that was around the time that the board halved Dimon’s 2012 pay over the London Whale trading loss, and board members decided to put off a decision about the options.

Separately, on Friday, the board said it would raise Dimon’s 2013 pay to $20 million, most of it in restricted stock. This amounts to a 74% increase from his 2012 pay.

For Jamie Dimon, another $34 million could be on the way: report - The Tell - MarketWatch

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Last Updated on January 27, 2014


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