Dimon's pay is cut in half

Published Jan 17, 2013 at 04:00AM

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon had his pay cut in half after the lender concluded reviews of an investment unit’s trading losses by finding he bears responsibility for the blunders. Dimon’s compensation for 2012 was $11.5 million, compared with $23 million a year earlier, the New York-based bank said Wednesday on its website.