JPMorgan’s Dimon Awarded $17 Million Stock Bonus

According to Bloomberg this morning, JPMorgan CEO, Jamie Dimon, received a $17 million stock award bonus for 2009. While none of it was in cash, it would have been better to have that stock tied to some actual performance measurements rather than just be market-based - most restricted stock and stock options can earn value if the market goes up, despite the company's performance.

Dimon was paid $1 million in salary and didn’t take a cash or stock bonus in 2008, but got $8.5 million in restricted stock and 563,562 options. He was paid $27.8 million in cash, stock and options in 2007.

JPMorgan’s board will also adopt a “say-on-pay” measure at the next shareholder’s meeting, so be prepared to vote!