Jan. 24 (Bloomberg) — JPMorgan Chase & Co. gave Chief Executive Officer Jamie Dimon a 74 percent raise to $20 million last year, bringing his pay closer to where it stood before the board faulted his oversight of botched derivatives bets.
Dimon, who also serves as chairman, received $18.5 million in restricted stock, the New York-based lender said today in a regulatory filing. His salary was unchanged at $1.5 million, and he got no cash bonus, according to the filing.
While board members boosted Dimon's pay from 2012, they kept it below levels from prior years after JPMorgan was beset by regulatory and criminal probes, agreeing to more than $23 billion in settlements in 2013. The board had cut his package in half last January to $11.5 million after finding he bore responsibility for faulty oversight of botched derivatives bets.
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