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February 7, 2014

Sen. Warren blasts JPMorgan CEO Jamie Dimon's big raise

“Following a year plagued by regulatory headaches, JPMorgan Chase CEO Jamie Dimon’s wallet got even fatter—a move that Sen. Elizabeth Warren, D-Mass., questioned Thursday.”

“For 2013, Dimon was awarded a 74-percent pay raise to $20 million by the bank’s board even as it grappled with billions in penalties and settlements.”

“‘Jamie Dimon got a raise after he negotiated $17 billion to pay for activities that were illegal that he presided over. So I’m not quite sure how this is a deterrent for other CEOs,’ Warren said during a Senate Banking Committee hearing.”

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Read full CNBC article here.

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