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JPMorgan directors raise Dimon's pay after prior cut

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Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co, got a 74 percent pay increase for 2013, when $20 billion of legal settlements weighed on the bank's income. The CEO received $20 million, including $18.5 million of restricted stock recently awarded, the company said in a public filing on Friday. Dimon's base salary is $1.5 million. Dimon was paid $11.5 million for 2012, half the $23 million compensation in each of the prior two years, according to company filings, after the company lost $6.25 billion on bets known as the "London Whale" derivatives trades. When those trades first came to light in April 2012, Dimon dismissed them as a "tempest in a teapot". Most employees at JPMorgan did not get pay increases for 2013 because profits declined as a result of high legal bills to settle government and private claims against the bank. JPMorgan, the biggest bank in the U.S. by assets, employed 251,196 people at year-end. The bank suffered a number of black eyes in

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