Check out Jamie Dimon, Chief CEO of J.P. Morgan Bank and his recent raise of over 1,000%. His compensation rose from $1.32 Million in 2009 to $20.8 Million in 2010. Pretty nice eh? But it's within the guidelines of the SEC and I'm sure he "gives to charity" which makes us all feel better. How nice!
How would those of us who work at Wal Mart, Mc Donald's, some factory, drive truck, or some construction company like to get a raise like this? Well just remember that your TAX DOLLARS (and mine) have contributed to this man. How does that make you feel when you get your 44 cents an hour raise?
http://www.bloomberg.com/news/2011-04-07/jpmorgan-chase-chief-dimon-s-compensation-rose-to-20-8-million.html
The 1%
"Of the 1%, By the 1%, and for the 1%"
Economist Joseph Stiglitz explains:
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