JPMorgan Chase & Co. Chief Executive Jamie Dimon received about $19.7 million in total compensation for 2008, down from about $34 million in 2007, the company revealed in materials filed with US regulators ahead of its annual shareholder meeting.
Dimon received a salary of $1 million, unchanged from 2007, and stock and option awards of just over $18.2 million in 2008.
Among other benefits, Dimon’s use of aircraft was valued at almost $54,000 and his use of cars at $89,000.
JPMorgan also urged the rejection of eight shareholder proposals on matters such as executive compensation including bonuses, credit-card lending practices, and procedures for electing directors.
The bank will hold its annual meeting May 19.
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