Chase Manhattan Corp. paid chairman and chief executive officer Walter V. Shipley $15.9 million last year in cash and stock awards, a 13% raise.

According to proxy materials filed Thursday with the Securities and Exchange Commission, Mr. Shipley's compensation included a salary of $1.03 million, an 8% raise. His bonus was unchanged at $3.53 million. He also received $2.85 million of restricted stock, options for 300,000 shares valued at $5.1 million, and the final $1.67 million installment of a special bonus related to the 1996 merger of his former bank, Chemical Banking Corp., with Chase.

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