Editor’s Note: Our bailout tax dollars at work. Long live the too-big-to-fail cartels. Death to democracy!
He has piloted America’s second biggest bank through the financial crisis and come out the other side relatively unscathed.
And now Jamie Dimon, CEO of JPMorgan Chase & Co, is being extremely well rewarded for his efforts.
Dimon’s total compensation package was a mere $1.3million in 2009 but in 2010 it jumped nearly 1,500 per cent to $20.8million, based on the U.S. Securities and Exchange Commission’s compensation formula, a regulatory filing showed.
Dimon did even better in terms of the value of money and shares actually received: his salary, bonus and stock and options from grants made largely in previous years that were actually exercised in 2010 were worth around $42million.