Big Raise for JPMorgan’s Dimon Despite a Rough Year

hurley11-150x150New York Times
Cornelius Hurley, School of Law, Center for Finance, Law & Policy

JPMorgan Chase, after a year marred by scandal and stiff regulatory penalties, has decided to award its chief executive, Jamie Dimon, $20 million in compensation for 2013, an amount that will further inflame the debate over the accountability of senior bank executives…

Expert quote:

“If there was ever a time to take a wait-and-see attitude and pay him what they paid last year, this is it. This is a thumb in the eye of regulators and a thumb in the eye for the public.”

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