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Jamie Dimon's salary slashed

9:05 AM, Jan 16, 2013   |    comments
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(CNN) - JP Morgan's multi-billion dollar trading loss will hit its CEO in the wallet.

The bank slashed Jamie Dimon's salary and bonus by 53 percent.

JP Morgan lost more than $6 billion when a trader nicknamed the "London Whale" made a bad bet on credit derivatives.

The bank's board ruled that ultimately Dimon was responsible

He will still walk away with a nice salary, $11.5 million, including a $10 million bonus.

CNN

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