Wednesday, January 29, 2014

JPMorgan Gives Criminal CEO a 74 Percent Pay Raise - Ring Of Fire Radio: Robert Kennedy Jr, Mike Papantonio and Sam Seder



JPMorgan Gives Criminal CEO a 74 Percent Pay Raise

The board at JPMorgan Chase elected to give company CEO, Jamie Dimon, a 74 percent raise
this year following a 2013 filled with billions in fines for company
malfeasance. The pay increase is angering to financial reform advocates
because the man whose company committed many financial crimes not only
avoids any government prosecution, but gets more money.

Dimon’s salary was cut
in 2011 from $23.1 million to $11.5 million, which includes his base
salary of $1.5 million plus bonuses. The board-approved pay raise is
$18.5 million in restricted stock which will vest over the next three
years. The board attributed the raise to Dimon’s “stewardship” and
“sustained long-term performance” in the wake of the bank’s turbulent
legal issues. Essentially, Dimon got a raise for “
handling it well.”



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JPMorgan Gives Criminal CEO a 74 Percent Pay Raise - Ring Of Fire Radio: Robert Kennedy Jr, Mike Papantonio and Sam Seder

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