Dimon wins $21m in pay

JPMORGAN Chase chief executive Jamie Dimon received $20.8m (£12.7m) in pay and benefits including a $5m cash bonus last year, regulatory filings showed yesterday.

Dimon’s base salary stayed at $1m but he received $14.2m in shares, giving him an overall 51 per cent pay rise from the $15.2m he received in 2009.

Filings with US regulator the Securities and Exchange Commission disclosed that Dimon received $8m in stock awards and options worth $6.2m.

The bonus is his first since 2007, after JP Morgan bowed to pressure from regulators and US authorities during the financial crisis. JP Morgan’s net income jumped 48 per cent to $17.4bn in 2010 as its investment banking performance improved.