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  • Befair Man Wins Lottery

    lotterywinnerRonnie Compton Plans to Put Mom First Following a $200,000 Washington’s Lottery Win. Compton of Belfair recently won a top prize of $200,000 playing Washington’s Lottery “Super Cash” Scratch. Compton was making his way home from work on Thursday… Read More +

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  • Officer Chases Suspect Who Shot Him

    churchAuthorities say an officer in Washington state who had been shot in the leg by a suspect got back into his patrol car and pursued the fleeing man. The King County Investigative Response Team says Duvall police Sgt. Michael DeBock, an… Read More +

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  • Mariners Rout Angels 13-2

    mariners newsMike Zunino's two-run double keyed a four-run fifth inning and the Seattle Mariners climbed within a game of the second AL wild-card spot by routing the Los Angeles Angels 13-2 on Tuesday night. The Mariners haven't been to the postseason since 2001, when they won 116 games under manager Lou Piniella and tied the major league mark set by the 1906 Chicago Cubs.

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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.

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