NEW YORK (AP) -- JPMorgan Chase, the nation's largest bank,
posted record profit for 2011. Morgan Stanley's latest quarter
topped expectations as the bank trimmed costs and cleaned up
mortgage-related problems.
But CEOs Jamie Dimon and James Gorman aren't taking home bigger bonuses.
Banks are curbing bonus pay for last year, as stock prices slumped, mortgage-related costs still mounted and the Occupy Wall
Street movement went national.
On Friday, regulatory filings showed Gorman received 2011 stock
awards valued at $5.1 million -- half of what he got in 2010.
JPMorgan's Dimon received restricted stock worth $12.6 million and
stock appreciation rights reportedly valued at about $5 million.
That's about even with the year before.
None of the banks have yet filed annual proxy statements, which
include complete details on CEOs' pay.
| Get the ingredients you need to cook with Rach all week long. | |
| Full length exclusive concerts from hot artists. | |
| Take a break! Classic Pacman, Frogger, Asteroids and more. |
|
| FREE Listings Sell almost anything locally. |
|