Dimon’s pay slips to $11.8m

JP Morgan chief executive Jamie Dimon saw his pay slip 37 per cent to $11.8m in 2013, according to regulatory filing released last night. Meanwhile, Dimon used a letter to shareholders to say that settling the bank’s wide-ranging legal cases with multiple government agencies last year was “the most painful, difficult and nerve-wracking experience that I have ever dealt with professionally”. The issues have cost the company over $20bn.

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