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Sen. Warren blasts JPMorgan CEO Jamie Dimon's big raise

Thursday, 6 Feb 2014 | 2:17 PM ET
Sen. Warren questions Dimon's pay
Thursday, 6 Feb 2014 | 1:16 PM ET
Sen. Elizabeth Warren (D-MA) is questioning the financial system of the U.S., and JPMorgan Jamie Dimon's pay raise.

Following a year plagued by regulatory headaches, JPMorgan Chase CEO Jamie Dimon's wallet got even fatter—a move that Sen. Elizabeth Warren, D-Mass., questioned Thursday.

For 2013, Dimon was awarded a 74-percent pay raise to $20 million by the bank's board even as it grappled with billions in penalties and settlements.

"Jamie Dimon got a raise after he negotiated $17 billion to pay for activities that were illegal that he presided over. So I'm not quite sure how this is a deterrent for other CEOs," Warren said during a Senate Banking Committee hearing.

During the year, JPMorgan's stock surged nearly 31 percent, slightly outpacing the rise in the S&P 500.

—Written by CNBC's Katie Little. Reported by CNBC's Eamon Javers

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