Jamie Dimon gets $36M of options delayed due to London Whale loss


JPMorgan Chase (NYSE:JPM) has awarded CEO Jamie Dimon stock options for 2M shares, according to an SEC filing, worth ~$36M at today's closing price.

The options were part of Dimon's 2008 compensation package that became exercisable in Jan. 2013; JPM's board determined then that because of the bank's $6.2B London Whale trading loss, it would defer vesting until July 2014.

JPM says its compensation committee has decided not to defer the vesting further, and the shares will be exercisable on July 22.

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Comments (4)
  • Phr3d
    , contributor
    Comments (444) | Send Message
     
    ayyep.. lol
    17 Jul 2014, 09:42 PM Reply Like
  • PalmDesertRat
    , contributor
    Comments (3766) | Send Message
     
    the greed of these people is incredible.

     

    instead of just delaying the options for one year, they should have cancelled them completely.

     

    $36 million?
    17 Jul 2014, 11:27 PM Reply Like
  • oliverdavis56
    , contributor
    Comments (13) | Send Message
     
    q2: slightly-minimal-meets, higher expectations tho, jpm
    18 Jul 2014, 05:35 AM Reply Like
  • Cppartin
    , contributor
    Comment (1) | Send Message
     
    I am amazed at the sheer greed prevalent in the upper ranks of management.
    18 Jul 2014, 02:44 PM Reply Like
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