If their CEO is doing a good job directing the company and the stock has moved higher (which it has), its hard to complain.
Mirroring what the guy said above, it is a capitalist system, you need to pay to retain talent to prevent them from seeking other opportunities. Despite the companies legal troubles, Jamie Dimon has been able to maintain the direction of the company, fixing and resolving the issues, while growing revenues. He also took a pay cut during the financial crisis, hence the reason for the raise as he guided them out of it.
It comes straight out of the dividends that should be going to shareholders.
