Tuesday, January 3, 2012

Jamie Dimon Earned $42 Million in 2011 for Dropping JPM's Market Cap by 23%

Jamie Dimon and Lloyd Blankfein took home a combined $63.7 million in 2011 as appreciation for destroying their market caps by 23% and 46% respectively.

Banks may have gotten hammered this year in the stock market, but the CEOs who run them are doing just fine.
Take JPMorgan Chase. The Wall Street titan's CEO, Jamie Dimon, will earn just shy of $42 million this year for a bank that lost nearly a quarter of its market cap—or 23 percent—during the year, according to Bove's numbers.
Goldman Sachs head Lloyd Blankfein's compensation was $21.7 million, while the investment bank he runs lost 46.4 percent of its market cap.
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