Jamie Dimon will somehow have to make ends meet with only $11.5 million this year.

JPMorgan Chase's (JPM) board of directors decided to cut Dimon's 2012 compensation by 53.5%, after the bank's chairman and chief executive presided over a $6 billion trading loss last year. Dimon had received $23 million in 2011 compensation, which made him the highest-paid bank CEO that year.

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