Monday 2 May 2011

JPMorgan Chase exec: A little help from his friends

When Jamie Dimon moved from Chicago to New York for the chief executive job at JPMorgan Chase several years ago, he hit a real estate wall: His eight-bedroom mansion on Chicago's Gold Coast took three years to sell. Although it was originally listed for $13.5 million, last year a buyer paid him $6.5 million.

He got a little relocation help from his company, however: Chase paid more than $421,000 toward his moving expenses, which included $306,000 toward real estate agent commissions and fees, according to Bloomberg.

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