Crandall bowles biography of donald
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from North Carolina
Incumbent
January 3, 2005
January 20, 1997 – October 20, 1998
October 3, 1994 – January 11, 1996
May 7, 1993 – October 3, 1994
Greensboro, North Carolina, U.S.
Columbia University (MBA)
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On Friday, the board of directors of JPMorgan Chase voted to give CEO Jamie Dimon a raise. Not just a cost-of-living increase, but almost a doubling of his compensation. In Dimon's case, this means his compensation jumped from $11.5 million to $20 million.
Since 2013 was not a great year for the bank, the decision raised some heckles among Wall Street watchers, reflected in the headlines in the New York Times ("Big Raise for JPMorgan's Dimon Despite a Rough Year"), the Washington Post ("JPMorgan gives CEO Jamie Dimon 74 percent raise despite bank's legal troubles"), Business Week ("Dimon Gets 74 Percent Raise After Billions in Fines"), Forbes ("Jamie Dimon's Undeserved Pay Raise Indicates an Ineffective JPMC Board"), and the Wall Street Journal ("Dimon Gets Raise After Rough Year").
Last year the federal government fined the bank $20 billion for illegal activity, including a $13 billion settlement over its sale of mortgage-backed securities that contributed to the financial crisis and another $2 billion settlement over accusations that the bank failed to report signs of fraud surrounding Bernard Madoff's Ponzi scheme. It also laid off 7,500 employees and announced that it won't be giving its employees raises as a result of the fines.
To ordinary Americans -- es
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