Anger over JP Morgan Chase CEO's bonus

SPRINGFIELD, Mass. (WWLP) - A big bonus is on the way for the top executive at the second-largest bank in America.

JP Morgan Chase granted its chairman and CEO, Jamie Dimon, a bonus worth more than $12 million.

His is just the latest. A number of banks have awarded big bonuses or raises to their CEO's in recent weeks as the industry recovers from the financial crisis.

Not everyone is bouncing back, however, and the bonuses are sparking outrage.

"To have bonuses like those go to the top one percent of Americans while so many are struggling and out of work and unable to make ends meet seems unconscionable," Maureen Carney of Northampton said.

"It's absolutely excessive, it's out of proportion, and looking at the whole scheme of things in our country, it's excessive and not right," Suzanne Delaney of Holyoke said.

The bonuses come the same week JP Morgan Chase admitted it had overcharged thousands of members of the military on their mortgages.