– Donald Trump to a gathering of CEOs from large corporations
One of those at that meeting in February with the new president was Jaime Dimon, chief executive officer of JPMorgan Chase. He is also the current chairman of the Business Roundtable, “…an association of chief executive officers of leading U.S. companies working to promote a thriving economy and expanded opportunity for all Americans through sound public policy.”
Mr. Dimon certainly advocates less regulation. Under his leadership, JPMorgan Chase has paid $23 billion in penalties for various transgressions. (Here’s a list through 2013.) As a result, Mr. Dimon’s last annual bonus was a paltry $5 million. (The rationale for the bonus was his effectiveness in negotiating down all these settlements.) This, plus base salary of $1.5 million and $11.1 million in stock awards and $621,060 “miscellaneous” compensation, for a total of $18,221,060, is hardly enough for bragging rights at the CEO club.
Here’s hoping that JPMorgan Chase and its CEO will thrive as America is Made Great Again.
For more about JPMorgan Chase, read Matt Taibbi’s expose on their vendetta against an employee who tried to do the honest thing.