Matt Taibbi commented: "The biggest news was how brutal an indictment Jamie's raise was of the Obama/Holder Justice Department, which continues to profoundly misunderstand the mindset of the finance villains they claim to be regulating. Chase's responses to Holder's record penalties have been hilarious. Their first move was to make sure people outside the penthouse boardroom took on all the pain, laying off 7,500 employees and freezing salaries for the non-CEO class of line employees. Next, Chase's board members sat down, put their misshapen heads together, considered the impact of this disastrous year of settlements, and decided to respond by more than doubling the take-home pay of the executive in charge, giving Dimon about $20 million in salary and equity." Read the full article: Jamie Dimon's Raise Proves U.S. Regulatory Strategy is a Joke
Another question: How many hamburger-flippers at McDonald's got a 74% raise last year?
Yet another question: If an unindicted criminal like Jamie Dimon can get a 74% raise as a reward for mismanaging his company, why hasn't the minimum wage for honest, hard-working Americans been raised by 74%?
Inquiring minds want to know...
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