JP Morgan's CEO bonus, salary cut by 53 percent

    10:22 AM, Jan 16, 2013   |    comments
    JP Morgan CEO Jamie Dimon. (Photo: CNN)
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    UNDATED (CNN) -- JP Morgan's multi-billion dollar trading loss will hit its CEO in the wallet.

    The bank slashed Jamie Dimon's salary and bonus by 53-percent.

    JP Morgan lost more than $6 billion when a trader nicknamed the "London Whale" made a bad bet on credit derivatives.

    The bank's board ruled that ultimately Dimon was responsible

    He will still walk away with a nice salary, $11.5 million, including a $10 million bonus.


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