Jamie Dimon can add another distinction to his long list: he's the highest paid bank executive on Wall Street. For a decent 2010, the JPMorgan Chase board gave him 251,415 units of restricted stock, half of which vest on January 13, 2013 and half a year later. The total value as of now is roughly $12 million.

He also got 367,377 stock appreciation rights with a strike of $47.73. These rights have a 10-year term and vest in five equal installments, beginning January of next year. They carry a Black Scholes-like valuation of about $5 million.

On top of that he likely got $1 million in salary.

Dimon's $18 million haul puts him way ahead of Goldman Sachs CEO Lloyd Blankfein, who took home roughly $13.2 million, and Bank of America CEO Brian Moynihan, who earned nearly $10 million, according to Breakingviews.

"The hike in Dimon's payout looks a tad generous. After all, the earnings boost relied entirely on lower provisions for credit losses; income before deducting the provisions actually fell 14 percent. What's more, JPMorgan's stock ended 2010 up less than 2 percent, on par with some peers but badly lagging the broader market," notes Breakingviews.

Dimon may give up the title soon. Wells Fargo had a good year, and the commentary suggests CEO John Stumpf will reap bigger rewards.

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