Daily News: March 25, 2013

JPMorgan Claws Back $100 Million; Dimon Backed as Chairman


Bloomberg reported that JPMorgan Chase clawed back more than $100 million in pay from managers responsible for its record trading loss last year and said three senior executives each received more in total compensation than CEO Jamie Dimon after the board halved his pay for failing to supervise the unit that generated the London Whale trading loss.

Bloomberg also noted that the board continues to back Dimon in his dual roles as chairman and CEO.

To read the entire Bloomberg story, click here.