Jamie Dimon just got awarded his 2010 payout — and it’s very nice.
JP Morgan bestowed on their chief a restricted stock payout of $17.4 million; 50% more than the initial value of his annual payment last year according to Dealbook.
Dimon got 251,415 restricted shares worth about $12 million, as well as 367,377 options valued at over $5 million. (In 2009, he got 195,704 restricted shares worth $7.95 million and 563,562 options worth $6.24 million).
Of course that’s just his regular compensation, and he may receive a not-yet-disclosed cash bonus, Bloomberg reports.
And considering his bank hit a record $17.4 billion profit in 2010, we wouldn’t be surprised if that bonus is monumental.
So let’s compare that number to his compatriots at other banks.
Dimon definitely beat Morgan Stanley’s James Gorman. He got deferred stock and options worth about $7.4 million.
And we know he beat BofA CEO Brian Moynihan’s $9 million — even Moynihan’s deputy beat Moynihan.
But did he beat Lloyd Blankfein?
Yes. Blankfein was awarded a $12.6 million stock bonus for 2010, with a salary increased of $600,000 to take the magic number to $2 million.
As for his other JP acolytes, investment bank chief Jes Staley was awarded $8 million in restricted shares and 230,770 stock options, while CIO Ina Drew got $7.4 million in restricted shares and 153,847 options.
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