Speaking of the greed of the 1%, let's hear it for Jamie Dimon and his fellow bailed out banksters
hard on the heels of the story about bank of america ceo brian moynihan's $8.1M pay...
untrammeled greed... ya gotta love it...
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Dimon’s $23m trumps pay of US bank rivals
Jamie Dimon, chief executive of JPMorgan Chase, earned $23.1m in total compensation last year, an 11 per cent increase over 2011, a higher level than the heads of the other large US banks.
In its annual report, JPMorgan said Mr Dimon received $1.4m in salary, a bonus of $4.5m and $17m in stock and options. John Stumpf, chief executive of Wells Fargo, earned $19.8m, while Citigroup’s Vikram Pandit earned $14.9m.
untrammeled greed... ya gotta love it...
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
Labels: Brian Moynihan, Citigroup, executive compensation, Jamie Dimon, JPMorgan Chase, Vikram Pandit, Wells Fargo
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