Bloomberg: JPMorgan Gives CEO Dimon 74% Raise to $20 Million in 2013

Bloomberg: JPMorgan Gives CEO Dimon 74% Raise to $20 Million in 2013

January 27 2014

By Michael J. Moore and Hugh Son

Excerpt:

The board’s compensation committee is led by Lee Raymond, 75, Exxon Mobil Corp.’s former chairman and CEO. JPMorgan’s stock climbed 33 percent last year, matching the 81-company Standard & Poor’s 500 Financials Index.

“Obviously they paid more attention to the operational performance and stock-price performance and less to the litigation issues,” said Joseph Sorrentino, a managing director at Steven Hall & Partners, a New York-based compensation consulting firm. “Maybe there’s an argument that settling those items at those levels and removing the uncertainty there, maybe that’s worth something as well, but hard to know.”

Link to Article: http://bloom.bg/1i3WKvK