Diamond Days for JPM's Dimon

The CEO rakes in $39 million.
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JPMorgan Chase's

(JPM) - Get Report

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

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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.

Harrison gets office space and administrative support until he turns 70 in August 2013, costing the firm about $267,000 a year.

The company is also providing Harrison with access to a car and driver and maintaining his "current home security arrangements" for a total of $682,000 this year. He will also have access to corporate aircraft for business travel.

And just what will he do these days for the bank?

Harrison "will be available to the firm to provide client advice and consultation on strategic and transitional issues commensurate with his role as former chairman," JPMorgan Chase says in the proxy.

JPMorgan Chase's annual meeting will be held on May 15. Shares of the company fell 3 cents to $48.47 on Friday.