JP Morgan’s CEO James Dimon received $27 million in total compensation, of which the majority was in performance-based restricted stock and the rest as cash bonus and salary. This structure has been mainly designed to appease the shareholders who had frowned upon the fact that the CEO’s pay does not depend on his performance.
JP Morgan Chase
Goldman Sachs Group Inc. has finally agreed to pay $5.1 billion on Wednesday to resolve a seven years’ pending dispute over faulty mortgage securities. The penalty amount remains lower compared to those counted by other Wall Street competitors. Fourth quarter profit of the firm may be hit by the penalty counting. But investors welcome the settlement and its share price rises by 1.5% on Thursday.
Firms stand to earn nearly USD50 million from the Twitter IPO.