Amid Fines, Jamie Dimon Gets Raise As Stock Rises 20 Percent In 2013

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Mark Melin
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Jamie Dimon, chief executive of JPMorgan Chase & Co. (NYSE:JPM), is getting a raise after a year in which the firm paid nearly $20 million in regulatory fines. According to reports in both the Wall Street Journal and New York Times, JPMorgan Chase & Co. (NYSE:JPM)’s board voted to increase Jamie Dimon’s pay package after a debate which at times was described as “heated.” Jamie Dimon’s pay cuts The JPMorgan Chase & Co. (NYSE:JPM) board had cut Jamie Dimon’s pay by half in 2013, to $11.5 million, resulting from a series of setbacks, most notably collateral damage from the “London Whale”…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.