JPMorgan raises Dimon's pay 3.7 percent to $28 million

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JPMorgan Chase & Co directors paid Chief Executive Jamie Dimon $28 million in total compensation for 2016, a 3.7 percent increase from the prior year, the company said on Thursday.

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His package includes a base salary of $1.5 million as well as cash and stock-related instruments that are tied to Dimon's performance, the filing with the U.S. Securities and Exchange Commission said.

(Reporting by David Henry in New York; Editing by Jonathan Oatis)