JP Morgan to raise Dimon's pay to $20 million

Compensation for the US bank's CEO to jump 74%

After a year in which JP Morgan Chase agreed to more than $20 billion in legal payouts and posted its first quarterly loss since the financial crisis, chief executive James Dimon received a 74% jump in compensation.

The increase brought Dimon's pay for 2013 to $20 million from the $11.5 million he pulled in for 2012. The board that year cut Dimon's pay in half due to a trading fiasco that cost the bank billions, saying that he had "ultimate responsibility for the failures that led to the losses."

WSJ Logo
How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line