5 things you absolutely need for the MBA convention in Las Vegas

Is the Massachusetts AG's run for governor compromised by GSE buyback lawsuit?

Nonprofit CEO also co-chairs Coakley’s campaign finance committee

Exclusive: Move CEO Steve Berkowitz opens up about News Corp deal

Plus his thoughts on Zillow/Trulia and the future of real estate
W S
Lending / The Ticker

JPMorgan cuts CEO pay as profits soar

/ Print / Reprints /
| Share More
/ Text Size+

Even as profits surged, the board of JPMorgan Chase cut the pay of chief executive Jamie Dimon by 50 percent, in light of a multi-billion dollar trading loss last year.

By the overall numbers, it was a good year for JPMorgan. The bank reported a record profit of $5.7 billion for the fourth quarter, up 53 percent from 2011. Revenues, too, were strong, rising 10 percent to $23.7 billion for the period.

Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus