J.P. Morgan Chase & Co. (JPM) gave its Chairman and Chief Executive James Dimon total compensation valued at $1.32 million in 2009, according to a proxy filing by the bank.
The pay package excludes the approximate $17 million bonus Dimon received in 2010 for his 2009 performance, and reflects his choice to give up any 2008 bonus, in the wake of public criticism. Had he accepted the bonus, it would have been paid to him in 2009.
In 2008, Dimon’s compensation package was valued at $35.8 million, which was comprised of a $1 million annual salary and included bonuses which he was awarded in 2007. In 2009, his salary was $1 million, and he was paid an additional $322,094 in deferred compensation.
Shares of JPMorgan fell 19 cents or 0.44% on Friday to close the session at $43.45.
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