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JPMorgan Got Fined, CEO Gets Raise

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25 Jan 2014 10:09 #174883 by chairman
JPMorgan Got Fined, CEO Gets Raise

On Wall Street, you get paid no matter what. JPMorgan Chase CEO Jamie Dimon is getting a raise after his firm paid $20 billion in fines to the U.S. government last year. In 2013, the board cut Dimon's pay in half for the "London Whale" trading fiasco. A minority of directors wanted to keep Dimon's salary flat this year, pointing to the penalties. The decision wasn't easy: some directors reportedly left the conference room to pace the floor.
Always tell someone how you feel because opportunities are lost in the blink of an eye but regret can last a lifetime.
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Aryana
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