A year after an embarrassing trading blowup led to millions of dollars being docked from Jamie Dimon's paycheck, the chairman and chief executive ofJPMorgan Chase is getting a raise.
We are silly. We thought "managing through crisis" meant leading the company out of a non-self-inflicted crisis with honor and courage. But when it comes to Big Banking it means manufacturing a crisis using management's very own ineptitude and greed, and then managing to use the situation to cut jobs and benefits among the rank-and-file employees, which delights the board of directors so much they manage to find millions for executive pay.
I've been screaming "HOLY FUCK" into a half-empty whiskey bottle since I read this. Okay, shit, now it's totally empty, be right back.
From CNN: <i>In a government filing Friday, JPMorgan Chase (JPM, Fortune 500) said Dimon would receive $18.5 million worth of restricted stock that will vest over the next three years as his 2013 bonus. That&#039;s up from a $10 million bonus for 2012. His $1.5 million base salary remains unchanged.</i>
Will screaming &quot;HOLY FUCK&quot; really loud for a few hours or a few bottles of cheap whiskey be better at this point? [asking for the entire planet]
Come the revolution, it&#039;s shit like this that&#039;s going to put Mr. Dimon at the front of the line at the guillotine - with votes from the board, of course.
We are silly. We thought &quot;managing through crisis&quot; meant leading the company out of a non-self-inflicted crisis with honor and courage. But when it comes to Big Banking it means manufacturing a crisis using management&#039;s very own ineptitude and greed, and then managing to use the situation to cut jobs and benefits among the rank-and-file employees, which delights the board of directors so much they manage to find millions for executive pay.
Wait. You&#039;re a poor black man in charge of a global financial institution?
Who the hell does his yearly job reviews and how can I get him/her/they to do mine?
I&#039;ve been screaming &quot;HOLY FUCK&quot; into a half-empty whiskey bottle since I read this. Okay, shit, now it&#039;s totally empty, be right back.
Well, hello, Uncle Sugar!!
Why, it&#039;s Carlos Danger, Third Eye!
From CNN: <i>In a government filing Friday, JPMorgan Chase (JPM, Fortune 500) said Dimon would receive $18.5 million worth of restricted stock that will vest over the next three years as his 2013 bonus. That&#039;s up from a $10 million bonus for 2012. His $1.5 million base salary remains unchanged.</i>
Will screaming &quot;HOLY FUCK&quot; really loud for a few hours or a few bottles of cheap whiskey be better at this point? [asking for the entire planet]
Look at the lineup of the directors and I conclude some of them are believers in trickle-dow-my-leg economics: <a href="http://www.jpmorganchase.co..." target="_blank">" rel="nofollow noopener" title="http://www.jpmorganchase.com/corporate/About-JPMC...">http://www.jpmorganchase.co...
Come the revolution, it&#039;s shit like this that&#039;s going to put Mr. Dimon at the front of the line at the guillotine - with votes from the board, of course.