Banking Culture Change

JPMorgan Chase are at the forefront of changing the rewards culture in the banking sector.

Jamie Dimon, JPMorgan Chase’s chief executive, will receive an all-stock bonus of about $17m for 2009 and a cash salary of $1 million. This decision is set to support the changes that the government and shareholders want to see put in place over the coming months. The decision by this leading financial institution shows that the tide is changing and that the board of directors may at last be listeneing to shareholders.

Read the article here