Sections
Shortcuts
Business

Find millions, JPMorgan Chase approves big raise for its CEO

This is a summary. To read the whole story subscribe to BostonGlobe.com

A year after an embarrassing trading blowup led to millions of dollars being docked from Jamie Dimon’s paycheck, the chairman and chief executive of JPMorgan Chase is getting a raise.

JPMorgan’s board voted this week to increase Dimon’s annual compensation for 2013, hashing out the pay package after a series of meetings that turned heated at times, according to several executives briefed on the matter. The raise — the details were not made public Thursday — follows a move by the board last year to slash Dimon’s compensation by half, to $11.5 million.

When it made that pay cut, the board was giving a rebuke over the fallout from the “London Whale” trading blunder. This week, directors discussed what message their next decision on Dimon’s compensation would send.

Full story for BostonGlobe.com subscribers.

Get the full story with unlimited access to BostonGlobe.com.

Just 99 cents for four weeks.

Sections
Shortcuts

Share