The doubling of Lloyd Blankfein’s bonus for 2012 and the halving of Jamie Dimon’s payout was a sign of a return of the natural order of things on Wall Street. Goldman Sachs’s CEO Blankfein was rewarded for a year when the bank finally seemed to get its mojo back, while JPMorgan CEO Dimon was punished – fairly lightly – for his failure to deal with a monumental risk-management blunder in the form of the London Whale credit derivatives trading loss of over $6 billion.
Jon Macaskill,
January 29, 2013