Monday morning brought news that JPMorgan's (JPM) corporate directors are "wrestling" with how to ding top executives' compensation for a humiliating $5.5 billion trading loss "
How to slash executive pay without paying executives less poses an obvious conundrum. But if anyone can figure it out, it will be JPMorgan's three-man Compensation & Management Development Committee. The trio, it turns out, has a great deal of firsthand experience when it comes to big pay packages.
The comp committee's chairman, Lee Raymond, is likely the most knowledgeable, having taken home a
Adding further compensation experience is William Weldon, who retired from Johnson & Johnson with a
Rounding out the committee is NBC Universal Chief Steve Burke, who
Compared with the packages the comp committee has received, isn't Jamie Dimon's 2011 compensation of $20.8 million already punishment enough?