"JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon, who led the second-biggest U.S. bank to a profit each quarter of the financial crisis, got a bonus package valued at $17 million for 2009 that didn't include any cash. The 53-year-old banker, who got a $27.8 million bonus for 2007 and only a $1 million salary for 2008, received restricted stock units and options and no cash bonus for last year, spokesman Joseph Evangelisti said. The valuation of his 2009 bonus was based on a JPMorgan regulatory filing today. "It's consistent with past pay practices and returns," said Alan Johnson, founder of New York-based Johnson Associates Inc. "You could argue that for him, personally, pay could have been higher, but this isn't the year for them to have done that." There's always next year! [BN]
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