Business

JPMorgan Chase CEO got $15.5 million compensation for 2009

Posted March 19, 2010 11:00 pm

JPMorgan Chase & Co., the second- biggest U.S. bank, gave Chief Executive Officer Jamie Dimon $15.5 million in salary, stock and other compensation last year, the company said in a regulatory filing today.

Dimon, 53, skipped a cash bonus for a second year in favor of restricted stock and options valued at $14.2 million as of Feb. 3, the company said. He also received a $1 million salary and about $300,000 in services from the company, such as his personal use of company aircraft and cars.

JPMorgan said in February that Dimon got a bonus package valued at $17 million for 2009 that didn't include any cash. The difference is because the stock awards and options were valued at different times. Dimon got a $27.8 billion bonus for 2007 and only a $1 million salary for 2008.

Vice Chairman Steven Black and William Winters, the former co-CEO of the investment bank, both received $500,000 in salary and $13.8 million in bonuses for 2009. Investment Bank CEO James Staley and Asset Management CEO Mary Callahan Erdoes received $9.9 million and $9.1 million respectively in total compensation for the year, according to the filing.

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