Chase boss paid $20 million in 2013

By Tom Rivers, Editor Posted 24 January 2014 at 12:00 am

Jamie Dimon closed the doors on Albion in September

A company that dismissed more than 400 workers when it shut down its site in Albion last year paid its chief executive officer $20 million in 2013.

Jamie Dimon, JPMorgan Chase’s CEO, has been paid $70 million the past five years, The New York Times is reporting today.

Chase took over the former Washington Mutual in 2008 and ran a call center for about five years before the company decided to close the Albion site in September. Chase received a generous tax incentive plan that largely spared the company from paying local property taxes during that time.

Village officials have reached out to Chase to provide some community development money. Nothing is official yet, but I’m told the village leaders are optimistic Chase may send some money to Albion.

If the company sent $500,000, or 2.5 percent of what it paid Dimon, it could make an impact in this village of about 6,000 people.