Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Jamie Dimon Is Getting A Raise

Julia La RocheJan 24, 2014, 20:28 IST

REUTERS/Keith BedfordJamie Dimon, chairman and chief executive of JP Morgan Chase and Co, speaks at the 2012 Simon Graduate School of Business' New York City Conference in New York May 3, 2012. REUTERS/Keith Bedford

JPMorgan Chase's CEO Jamie Dimon is said to be getting a pay raise for 2013, DealBook's Jessica Silver-Greenberg and Susanne Craig report citing anonymous execs at the bank.

Last year, Dimon took a huge pay cut taking home $11.5 million because of the "London Whale" trading debacle. That was half of what he got paid in 2011 when he took home $23 million.

Still, folks shouldn't expect Dimon to get anywhere near what he got in 2011, the report said.

In the past year, JPMorgan has been hit $20 billion worth of fines ranging from mortgage-back securities sold during the crisis to failing to sound the alarm on Bernie Madoff's fraud.