I guess in finance, everyone gets a gold star, kind of like kindergarten, only with less accountability:
JP Morgan Chase has almost doubled chairman and CEO Jamie Dimon's pay for 2013, rewarding the executive for settling probes against the bank.Seriously, we need to start jailing these people post haste.
Dimon will receive total compensation of $20m in 2013, consisting of $18.5m in stock options and a base salary of $1.5m, the bank said in a statement Friday.
That compares with total compensation of $11.5m a year earlier, down from $23m in each of the previous two years.
The bank says it took several factors into account when deciding on Dimon's pay, including the "sustained long-term performance" of the bank, gains in market share and customer satisfaction as well as his handling of the legal issues facing the lender.
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