Diamond Days for JPM's Dimon

JPMorgan Chase's(JPM Quote) CEO and chairman, Jamie Dimon, earned a cool $39 million last year.

In 2006, Dimon had an annual salary of $1 million and $21 million from cash bonus and stock awards. He also received $17.4 million worth of options, according to the company's annual proxy filed on Friday.

Last year was a busy year for the $1.4 trillion-asset New York bank.

JPMorgan Chase completed its integration with Bank One, which it bought in 2004. It also made several strategic acquisitions including -- the purchase of Bank of New York's(BK Quote) retail branches for $3.1 billion. It also acquired the Fredericksburg, Va.-based student loan servicing outfit, Collegiate Funding Services, as well as several high-profile credit card portfolios.

JPMorgan Chase's profit rose 70% from a year ago to $14.4 billion. Its stock rose 22% last year.

The company said in the proxy that while results improved last year, there is "opportunity for more to be done in 2007."

Dimon became the company's CEO last January and chairman in December.

Meanwhile, JPMorgan Chase is paying upwards of $1 million this year to support its former chairman and CEO, William Harrison.

Harrison, 63, retired on Dec. 31, but still earned $22 million in salary and cash bonus for last year.

JPMorgan Chase is providing the former executive with several perks.