NewsBeast: Week of April 11, 2011

April 7, 2011 New York City
Jamie Dimon has plenty of reasons to smile—millions of them, in fact. In a sign that pressure to rein in highly paid CEOs may have eased, JPMorgan Chase disclosed last week that it had given Dimon, the bank’s chief executive, $20.8 million in compensation for 2010. The figure pertains to a year in which JPMorgan’s profit climbed by nearly 50 percent, to $17.4 billion. Dimon’s pay, which consists mostly of restricted stock and options, is a substantial increase over what he received in 2009. It also reportedly makes the New York native the highest-paid chief executive among the major American banks.