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JP Morgan CEO's Salary Slashed

By: Big 2 News Staff

Updated: January 17, 2013

J-P Morgan's multi-billion dollar trading loss will hit its C-E-O in the wallet.

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

J-P Morgan lost more than six billion dollars 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-point-5 million dollars, including a 10-million dollar bonus.

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