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Sat Mar 26, 2016, 11:52 AM

The Only Thing Up on Wall Street Is CEO Pay

Nothing can stop the rise in Wall Street CEO pay, not even poor performance.

Last week, the last of the nationís six big banks, Bank of America and Citigroup, disclosed what they paid their CEOs for 2015. Both awarded their CEOs, Brian Moynihan of BofA BAC 0.66% , and Michael Corbat of Citi C -1.01% , a raise. Moynihan got a $3 million bump to $16 million, a 23% increase from the year before. And Corbat was paid $3.5 million, or 27%, more than the year before.

That must mean 2015 was a pretty great year for BofA and Citi, right? Not quite. The shares of the two banks fell, dropping 6% and 4%, respectively.

...

J.P. Morgan CEO Jamie Dimon was the biggest winner of the big bank CEOs in terms of pay raises. Shares of J.P. Morgan JPM -0.77% rose last year, by 6%. The bankís operating profit, though, fell 2%. Whatís more, the bank sent a fair amount of its employees packing last year, cutting 6,671 positions in 2015. None of that stopped J.P. Morganís board from awarding Dimon a hefty 35% raise. Dimon got a $7 million raise, to $27 million for 2015.

http://fortune.com/2016/03/22/wall-street-ceo-pay/

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Reply The Only Thing Up on Wall Street Is CEO Pay (Original post)
whereisjustice Mar 2016 OP
bbgrunt Mar 2016 #1
Yo_Mama Mar 2016 #2
Visionary Mar 2016 #3

Response to whereisjustice (Original post)

Sat Mar 26, 2016, 12:05 PM

1. the obscenties continue...I guess "cut it out" didn't do the trick

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Response to whereisjustice (Original post)

Sat Mar 26, 2016, 12:07 PM

2. CEO pay never goes down!!! Housing values do, stock values do, but CEO pay doesn't. n/t

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Response to whereisjustice (Original post)

Sat Mar 26, 2016, 12:25 PM

3. As usual

 

The rich get richer, while laying people off and losing money for their companies. CEO pay in this country is like a runaway train. Unless somebody puts on the brakes and soon there's gonna be a crash.

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