Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Jamie Dimon Pays His Fundsters More Not Rated 5.0 Email Routing List Email & Route  Print Print
Wednesday, February 6, 2013

Jamie Dimon Pays His Fundsters More

News summary by MFWire's editors

Jamie Dimon paid his fundsters more last year, even as he paid his investment bankers less.

Dawn Kopecki and Jeffrey McCracken of Bloomberg report that average pay (wages plus bonuses) for J.P. Morgan's [profile] asset management executives rose six percent in 2012, even as the unit's net income rose seven percent to $1.7 billion. Asset management includes PMs and other fundsters, as well as traders and private bankers.

That compares with a three percent drop in pay for J.P. Morgan's investment bankers, the wire service reported, as well as a 50 percent drop for Dimon himself. J.P. Morgan's M&A fees fell 17 percent last year, and equity underwriting fees fell 13 percent. Overall profit at J.P. Morgan rose 12 percent to a $21.3 billion last year.

Three executives told Bloomberg that J.P. Morgan's incentive pay is based on the whole company's performance, followed by performance for the employee's division, then unit, then personal results. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

5.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use