JP Morgan head Jamie Dimon pockets 51% pay rise

[malaise]

http://www.guardian.co.uk/business/2011/apr/08/jp-morgan-head-jamie-dimon-pay
<snip>
Jamie Dimon, the head of JP Morgan Chase, received a pay rise of about 51% last year including a $5m (£3m) cash bonus, a move that angered campaigners for a levy on the banking industry.

Dimon's remuneration package, disclosed by the bank on Thursday night, is the latest sign that pay on Wall Street is returning to pre-crash levels as its biggest players post higher profits.

The 55-year-old chief executive was awarded stock options worth $17m and a "cash incentive" of $5m in 2010, on top of his basic salary of $1m. The previous year he had received no cash bonus and stock awards of just above $14.1m. In 2008, the year of the financial crisis and the collapse of Lehman Brothers, Dimon received just his base salary.

Dimon has run JP Morgan since December 2005. The bank fared much better than its Wall Street rivals during the financial crisis, acquiring Bear Stearns in 2007 and Washington Mutual a year later. The bank made a net profit of $17.4bn in 2010, almost 50% higher than a year ago.
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Jump you fugging robber baron!

[TheKentuckian]

1. Screw jumping, drag his ass to the street, scourge him, spread his limbs to the four winds,

and put his head on a pike on the stock exchange permanently as a reminder along with about a thousand from the predator class.

[malaise]

2. I fear that only draconian penalties will stop this

madness

[FiveGoodMen]

3. I like the way you think!

(DEFINITELY NOT sarcasm!)