Jamie Dimon Gets a Raise
For those of you who haven’t heard, finally, at last, Jamie Dimon,
an unsung hero and conscientious hard working and highly productive member of
one of our nation’s most important and essential industries, has been awarded a
raise in salary and benefits. For months, if not years (or maybe it has been
years), Mr. Dimon, CEO of JPMorgan, has successfully fought off law suit
after law suit unfairly perpetrated upon his company for housing fraud,
securities violations, and other minor and unimportant charges by the United
States Government, receiving only minor fines and admonishments. I think one
fine assessed against his company was only eighteen billion dollars or
something like that. Maybe I’m mistaken; it may have been eleven billion. I’m
not absolutely certain. Anyway, it’s only “peanuts”. I think, also, there may
have been another rather small fine of one or two billion or so. I’m not sure.
Anyway, in either event he sure deserves the seventy-four per cent increase he
is being awarded for the year 2013. He has worked very hard to get where he is
and achieve so much for his company. He deserves his twenty million dollar
income. Besides that’ he needs the money. The eleven million dollar annual
salary he received last year wasn’t even a livable wage. How sad. Again, I’m
not certain, but he may have had to park his limousine under an overpass at
night. Also, those four thousand dollar shower curtains in his bathroom need to
be replaced.
I’m sure you realize at this point in my discussion that an
element of sarcasm is involved in what I am saying. I refer you, therefore, to the
New York Times January 24th article, Big Raise for JPMorgan’s Dimon Despite a Rough Year, by Peter
Eavis. You can pick it up on the internet at www.dealbook.nytimes.com.
It’s just an afterthought; but, looking at his picture in the
article leads me to think. Anyone that young and obviously handsome–perhaps we
should consider him as a candidate for the presidency in 2016, especially after
he and his cohorts have done such a good job for our country in these past few
years–You know, the rise of the markets in derivatives, the resulting bubble in
the housing market, and its subsequent crash when the derivative markets caved
in. Also, we must not forget the massive layoffs, consequential unemployment, home
foreclosures, etc., etc. Oh well, you know. These are just minor details–What
the hell? Put em in office. They've got a pretty face. On the other hand, however, perhaps they won't like the cut in pay.
Ronald Miller
mtss86@comcast.net
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