Woo Hoo Jamie Dimon gets a 74% raise!

[Boomerproud]

Only in America.



http://money.cnn.com/2014/01/24/news/companies/dimon-pay/index.html?hpt=hp_t2

[CJCRANE]

1. I'm so relieved for him. I know he was struggling

to save up for another private jet.

[Wilms]

2. Worth every penny and more, IMHO.

He managed to keep the bank from being taken over and busted up. Rather, it garnered government contracts like handling SNAP funding.

Not only that but he helped negotiate the non-indictments of untold number of the banks management.

Further, he managed to keep the fines they paid pretty low. A wonderful job all around.

Now, on the other hand, it's reasonable to be critical of the size of the raise he received given the fact he was negotiating with Holder, he was no particular challenge going in.

[Aerows]

3. It's his reward

for staying out of jail, and making sure that no one even discussed the hand he had in the crash until the statute of limitations ran out. Eric Holder is free to talk tough now, which coincidentally (ha ha) he is.

But hey, at least he's doing something!

http://www.forbes.com/sites/jacobsullum/2014/01/24/eric-holder-promises-to-reassure-banks-about-taking-marijuana-money-very-soon/

http://www.democraticunderground.com/1014707519

But there's a blue link where you can see he's speaking up after the fact.

Wonderful news, isn't it?

[Shrike47]

4. Well, he keeps getting away with it, and that makes a winner in America.

[one_voice]

5. My sister works for JP Morgan...

for every bit of 16 years. She just got her review...which was excellent. She got a 2% raise because they can't afford more than that--according to them.

She works an average of 12-13 hours a day.

These people make me sick.

My son works for a local bank--he started there as an intern while he was getting his degree (which he has now). They treat him very well.

My daughter works for a bank--a large one--not one of the horrible ones. She was just promoted and got a huge raise and bonus. They treat their employees very well. She's very happy there.

JP Morgan sucks!

[FreeJoe]

6. It's good to see that someone is getting ahead

I just got my W-2. Third straight year of lower pay. That makes 6 declines in 8 years to bring me to 55% of what I made in 2005. Maybe I should start looking for a CEO job.

[kairos12]

7. Americans freezing death outside and this Robber Baron gets a raise. I am

glad we are not a class ridden society.

[BlueCheese]

8. Come on-- he's just a savvy businessman.

I, like most of the American people, don’t begrudge people success or wealth. That is part of the free-market system.

[valerief]

9. Free market system is morally unconscionable and unsustainable. Oops, but I'll bet you

just forgot your sarcasm tag.

[BlueCheese]

10. You caught me, sort of.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aKGZkktzkAlA

[JDPriestly]

11. You can have a free but taxed and regulated market system that works for everyone, that does

not exclude anyone from a decent wage, a decent lifestyle but still encourages innovation. The problem with someone like Jamie Dimon is that, while he probably gives money to charities, he is unwilling to give to others decent wages, decent compensation, respect for their work, respect even when they can't work. He doesn't have the humility to take compensation that is measured to that of everyone around him.

I can't believe that he is insensitive and undisturbed by the plight of the homeless. If he is so brilliant, if he deserves such a tremendous compensation, why doesn't he work to solve the puzzle that is homelessness, the problems with violence and other social problems in our society? He has the wherewithal. I'm not talking about giving donations. I'm talking about working toward a fairer allocation of the wealth that he claims to create.

Has he no respect for the poor around him? New York is full of poor people, people who have no jobs, etc. His millions could fund research into these issues and solutions.