Robert Denton

First to go…

JPMorgan Chase CEO paid $29M in ’07

During 2007 — one of the banking industry’s toughest years in decades — Dimon received a salary of $1 million, a cash bonus of $14.5 million, a stock award valued at $13 million when it was granted in January 2007, and perks worth $356,330, according to the bank’s proxy filing with the Securities and Exchange Commission.

The boost in total compensation to $28.86 million in 2007 from $27.49 million in 2006 was due mostly to a higher cash bonus.