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  • Heavy Thanksgiving Rain Leads To Black Friday Floods

    skokfloodThe Skokomish Valley Rd. was shut down Friday as the nearby Skokomish River jumped it's banks and poured out over the road. The Mason County Sheriff's Office posted an image which showed the flooded-out stretch of roadway, and warned drivers across the region to stay careful and… Read More +

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  • Ferguson Protesters Target Seattle Shopping Centers

    Bl-Fri-ProtestsDozens of people in Seattle protested the grand jury decision in Missouri not to indict a police officer who fatally shot a black teenager by blocked streets and entered a mall as they tried to disrupt activity in Seattle's main downtown shopping district. Police warned people… Read More +

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  • Sherman's Big Night Leads Seattle Past 49ers Again

    hawks49ersRichard Sherman set up the only touchdown with another key defensive play in this heated rivalry, then made a second interception with the 49ers driving late, and the Seattle Seahawks ended a five-game losing streak on San Francisco's home field with a 19-3 win Thursday night.

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JPMorgan Chase CEO to Get Big Pay Raise

b_250_0_16777215_00_images_obgrabber_2014-01_ad33436f72.jpgPhoto by Chip Somodevilla/Getty Images (NEW YORK) -- Jamie Dimon, CEO of JPMorgan Chase, will receive a 74 percent raise after having his pay cut nearly in half last year. JPMorgan's board voted this week to increase Dimon's 2013 compensation, after cutting his pay in half by $11.5 million last year in response to the "London Whale" rogue trading debacle that cost the bank billions.

Much of the increase the CEO would receive comes in the form of performance-based restricted stock. A spokeswoman for JPMorgan Chase declined to comment. In a regulatory filing, the company said it took these factors into account in setting Dimon's pay: "...the Company’s sustained long-term performance; gains in market share and customer satisfaction; and the regulatory issues the Company has faced and the steps the Company has taken to resolve those issues, including those arising from events at Washington Mutual and Bear Stearns that predated the Company’s ownership. Under Mr. Dimon’s stewardship, the Company has fortified its control infrastructure and processes and strengthened each of its key businesses while continuing to focus on strengthening the Company’s leadership capabilities across all levels."

On Friday, the bank's filing with the SEC indicates Dimon is receiving $20 million for 2013, including a base salary of $1.5 million that remained flat with the prior year.

Back in 2011, he received the highest pay, $23.1 million, for any chief at a large bank.

Copyright 2014 ABC News Radio

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