JPMorgan Cuts Dimon Pay 50%, Says CEO Responsible for Lapses - Bloomberg
The CEO’s compensation for 2012 is $11.5 million, the New York-based bank said today on its website, compared with $23 million a year earlier. The 2012 sum includes a $1.5 million salary and $10 million of incentive compensation.
“Mr. Dimon bears ultimate responsibility for the failures that led to the losses in CIO and has accepted responsibility,” the company said after spending about eight months reviewing what Dimon, 56, has called “egregious mistakes” at the CIO.
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