Daily News: July 18, 2014

JPMorgan’s Dimon Gets $37 million in Crisis-Era Options

Bloomberg reported that JPMorgan Chase will let Jamie Dimon collect about $37 million in stock options created during the financial crisis, as the board stands by its leader after risk-management lapses and billions of dollars in legal settlements.

Bloomberg said, according to a spokesman for JPMorgan, Dimon was given 2 million stock-appreciation rights in January 2008, saying they would be available in five years if the board still deemed it appropriate.

Bloomberg notes, according to a regulatory filing, the board “decided not to further defer the vesting of these options at the July 2014 meeting.”

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