JPMorgan CEO sees compensation jump 1,500 per cent to $20.8million

Editor’s Note: Our bailout tax dollars at work.  Long live the too-big-to-fail cartels.  Death to democracy!

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Daily Mail

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.

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