Income Inequality? Jamie Dimon gets 35 percent pay raise to 27 million.. WTF????

[Stuart G]

Last edited Fri Jan 22, 2016, 10:45 AM - Edit history (1)

New York Post. Jan 21..10:40 pm

http://nypost.com/2016/01/21/jamie-dimon-raked-in-a-cool-27m-last-year/


Jamie Dimon raked in a cool $27M last yearJamie ...Dimon’s compensation might be Wall Street’s biggest growth area.

The JPMorgan Chase CEO got a 35 percent raise — to a whopping $27 million — for his work last year after the company brought in record earnings.

Most of his compensation is in shares based on the bank’s performance through the end of 2018; it could amount to nothing if JPMorgan’s stock tanks.

All in all, Dimon took home $1.5 million in salary, $5 million in cash, and the rest in the performance shares.

The bump — from 2014’s $20 million — comes after JPMorgan’s stock rose 5.5 percent last year; every other major US bank lost value.
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Another ugly story about this selfish, self centered.so called leader....I recall a speech that Jamie Dimon gave to his workers at the First National Bank of Chicago in the late 90s.. An optimistic speech urging to work harder to save the company. First National was in deep trouble due to some bad loans. All Chicago media reported on this speech and the positive vibes it gave. Chicago's largest bank was somehow going to make it and stay solvent. Dimon was going to lead the bank out of it's crisis!!!!

Within a few years of that speech, Jamie Dimon got the job as CEO at JP Morgan, and...First National Bank of Chicago..later called Bank One, was taken over by J P Morgan Chase. .that's correct, thousands fired in Chicago as the banks central office was abolished, and Diamond went to New York, and became the CEO of the company that took over First National Bank of Chicago.

(my apologies for earlier spelling error)

[Keefer]

1. Not Jamie Diamond.

Jamie Dimon.

May be a different guy?

[cascadiance]

3. Neil's probably feeling offended...

[cascadiance]

2. Not surprising. Criminals will get away with stealing as much as they can!

Jamie Dimon is no exception. What is the surprise is the continued FAILURE of this so-called "Democratic Party" administration's UTTER FAILURE to provide any kind of prosecution of these bankster crooks even close to Reagan's record of prosecuting the Savings and Loan crooks of his time! Provides proof that this party needs a huge chemo treatment to get rid of the CORPORATIST CANCEROUS TUMOR that is infecting it to serve these bastards basically stealing the world's wealth from us.

The infected party establishment shouldn't be surprised that the more this sort of thing happens, the more impossible it will be for corporatist candidates to win, no matter how much the corrupted leadership, corrupted corporate media, and other institutions try to continue to rig it to their advantage.

[Stuart G]

4. It is more than stealing..Every time I hear his name, I think of that speech.

Because it seemed like he wanted to keep the bank solvent and lead a Chicago institution back to its former so called "greatness"..but that is not what he did. He moved to NYC..to take to become CEO of Chase..and then
Chase took over First National of Chicago..and Dimon got a huge raise in the process. When that happened, First National of Chicago, renamed something else by the time of the merger..(Bank One I think) .lost thousands of workers because it was no longer a headquarters for a large bank, but a branch of another larger bank.

So Dimon lied to his employees about saving those jobs. But he got a promotion when he left to take over his old bank..

[tk2kewl]

5. Greed

[hobbit709]

6. Time to break out the tumbrels and dust off the blade.

[appalachiablue]

7. New 2016 Oxfam Report: The 62 Richest People Have Same Wealth as Half of the World, 3.5 billion.