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Jamie Dimon Makes His Average Employee's Annual Salary In One Day

 
HO LEE FUK
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03/25/2018 11:38 AM
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Jamie Dimon Makes His Average Employee's Annual Salary In One Day
[link to www.zerohedge.com (secure)]


It should come as no surprise that Jamie Dimon makes a lot of money; after all, one of the trademark statements by the CEO of the bank that was first handed Bear Stearns on a silver platter for pennies on the dollar and just a few months later was bailed out by the government, is "that's why I am richer than you."

To underscore this, in 2015 Dimon, whose bank was forced to disclosure to clients and investors that it was caught rigging the FX market...


... officially became a billionaire, largely thanks to JPM's soaring stock price.

“The odds are much, much lower for a bank CEO becoming a billionaire than a guy going to a hedge fund or private equity,” said Roy Smith, a professor at New York University Stern and a former Goldman partner who started on Wall Street in 1966. “The real lucre in this business has always been on the transactional side. The CEOs of Wall Street have to deal with litigation, regulation and the relatively short tenures you have at the top of the pile.”

However, the odds soar when JPM, like every other bank, got a multi-billion bailout courtesy of US taxpayers after it - and its other bank peers - had taken on so much risk the entire system imploded. One wonders what Jamie's net worth would have been had Americans not collectively "decided" it is time to make Jamie the richest bank CEO currently to have a job.

And while one can debate "what would have been" until one is blue in the face, there is no debating that last year Jamie Dimon went from stinking rich to stinking richer, by $28.3 million to be precise.
Anonymous Coward
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03/25/2018 11:44 AM
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Re: Jamie Dimon Makes His Average Employee's Annual Salary In One Day
Were nothing but slaves to the system
HO LEE FUK (OP)
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03/25/2018 11:56 AM
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Re: Jamie Dimon Makes His Average Employee's Annual Salary In One Day
Were nothing but slaves to the system
 Quoting: Anonymous Coward 75950930


whipdead2
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03/25/2018 11:59 AM
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Re: Jamie Dimon Makes His Average Employee's Annual Salary In One Day
Money doesn't matter if you're not a CHAD anyway
Anonymous Coward
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03/25/2018 12:02 PM
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Re: Jamie Dimon Makes His Average Employee's Annual Salary In One Day
that's obscene.
Anonymous Coward
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03/25/2018 12:08 PM
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Re: Jamie Dimon Makes His Average Employee's Annual Salary In One Day
that's obscene.
 Quoting: freddie 0


That it Capitalism at work, commie...
Anonymous Coward
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03/25/2018 12:09 PM
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Re: Jamie Dimon Makes His Average Employee's Annual Salary In One Day
Were nothing but slaves to the Jewish
 Quoting: Anonymous Coward 75950930


clappa
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03/25/2018 12:33 PM
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Re: Jamie Dimon Makes His Average Employee's Annual Salary In One Day
Were nothing but slaves to the system
 Quoting: Anonymous Coward 75950930


I really love people like you!

You're right, you're a slave to the system and you have no choice so stop whining about it!
Anonymous Coward
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03/25/2018 12:35 PM
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Re: Jamie Dimon Makes His Average Employee's Annual Salary In One Day
that's obscene.
 Quoting: freddie 0


Why?
Anonymous Coward
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03/25/2018 01:44 PM
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Re: Jamie Dimon Makes His Average Employee's Annual Salary In One Day
that's obscene.
 Quoting: freddie 0


That it Capitalism at work, commie...
 Quoting: Anonymous Coward 76397257


hesrightfkcommies-usa
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03/25/2018 08:04 PM
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Re: Jamie Dimon Makes His Average Employee's Annual Salary In One Day
wtf





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