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Comp Watch '09: JPMorgan

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As was previously expected, the House of Dimon has begun raising base pay for investment bankers, just like everyone else, in move that won't really mean anything re: more clams in your pocket. First years were informed yesterday they're being bumped up to $80k. No word yet on bonus numbers, which were supposed to be announced last Tuesday. It's unclear why Dimon and Steve Black have been dragging their heels on this one, but they should know there are some junior rainmakers out there who are not happy. They won't technically be doing anything about it, but there will be be pissing and moaning amongst themselves. Oh, there will be P 'n M'ing amongst themselves.