Re: Hey JPM, can you spare me a Dimon.
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Message: Hey JPM, can you spare me a Dimon.
JP Morgan $2bn loss: Boss of 'London Whale' paid $14m
Ina Drew, the JP Morgan banker in charge of the largely London-based unit behind $2bn (£1.24bn) of trading losses at the bank, was paid $14m last year.
By Richard Blackden, US Business Editor
2:36PM BST 11 May 2012
the 54-year-old, regarded as a key lieutenant of chief executive Jamie Dimon, has been running the chief investment office since February 2005. The bank uses the CIO to make broad bets to hedge its portfolios.
Ultimately, she is in charge of Bruno Michel Iksil, the London-based trader nicknamed the 'London Whale', whose trades are reported to be behind the loss.
Last year she received a cash bonus of $4.7m, a share award of $7.1m, options worth $1.5 million and a base salary of $750,000, according to regulatory filings by the bank.
Mr Dimon warned last night that the trading losses – racked up over the past six weeks – could get worse.
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