JPMorgan awards CEO Jamie Dimon $18.7M last year

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Associated Press

Posted on March 22, 2013 at 6:00 PM

Updated Friday, Mar 22 at 6:02 PM

NEW YORK (AP) — The CEO of JPMorgan Chase, Jamie Dimon, received $18.7 million in total compensation last year, according to regulatory documents the country's largest bank filed Friday.

That's 19 percent less than Dimon received in 2011, when his $23 million pay package made him the highest paid bank CEO in the country.

JPMorgan had already said that it would dock Dimon's pay, largely because the bank took a $6 billion loss from a complex derivatives trade that went bad last year.

Dimon's compensation included $1.5 million in salary, $12 million in stock awards and $5 million in options. Unlike previous years, Dimon received no cash bonus.

AP's compensation calculation counts salary, bonuses, and other perks awarded to executives. It sometimes differs from the total compensation that companies list in their regulatory filings.

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