A Big Payday for JPMorgan CEO


Jamie Dimon, the CEO of JPMorgan Chase (JPM), will receive a $15 million to $20 million 2009 pay package, according to sources interviewed by the Financial Times.

The compensation is in addition to $10 million in stock Dimon recently received for exercising 10-year-old stock options. "The level of 2009 pay for Mr Dimon, whose bank has outperformed many rivals in the aftermath of the financial crisis, could set a benchmark for other Wall Street banks at a time of heightened public scrutiny of bankers' remuneration," the paper reported.