“Acting like everyone who’s been successful is bad and because you’re rich you’re bad, I don’t understand it,” the JPMorgan Chase & Co. CEO told an audience member who asked about hostility toward bankers. “Sometimes there’s a bad apple, yet we denigrate the whole.”
Dimon, 55, whose 2010 compensation was $23 million, joined billionaires including hedge-fund manager John Paulson and Home Depot Inc. co-founder Bernard Marcus in using speeches, open letters and television appearances to defend themselves and the richest 1 percent of the population.
Uhh...Jamie....perhaps it has something to do with this:
Big Bank Profile: JPMorgan Chase
Federal taxpayer bailout received: $94.7 billion
Lobbying fees in 9 months after bailout: $4.2 million
Campaign contributions in 2008 federal elections: $6.0 million
Profits for 1998-2008: $97.6 billion
Profits for the first half of 2009: $4.86 billion
Bank fees for first half of 2009: $3.45 billion
Change in bank account fees (2003-08): +249.5%
Percent of first half 2009 profit from fees: 71%
Credit card income for first half of 2009: $3.56 billion
Median JPMorgan Chase bank teller wage: $10.58/hour or $22,006 annually
2008 CEO Jamie Dimon pay: $19.7 million (893 times median teller wage)
2008 bonus pool: $8.7 billion
First half 2009 bonus and compensation pool: $14.5 billion
Cash bonuses (top 5 execs) last 10 years: $254.9 million
Effective tax rate in 2008: -33.4%
Offshore subsidiaries in tax havens: 53
0 comments:
Post a Comment