Bank chiefs’ average pay in the US and Europe leapt 36 percent last year to $9.7 million, according to data compiled for the Financial Times, despite variable performance across the sector.
Two of the industry’s biggest names – Jamie Dimon, the JPMorgan Chase chief executive, and Goldman Sachs’ Lloyd Blankfein – were paid more than 15 times their 2009 earnings.
These guys derailed the finance industry, costing thousands of people their homes, their retirement, their livelihood. Dimon got nearly $12 million in 2010, Blankfein $14.1 million.
But remember your tax cut was based on whether these guys got tax cuts. And we’ve been told that they will be the driving force in the economy. Yeah, sure.
At some point, we’ve got to wake up to the fact that these guys have no interest in anything but filling their pockets at any cost, and as long as we allow it, they’ll continue to do it. And they’ll use their exponentially growing bankrolls to keep politicians in their pockets to make sure it stays that way, with the money in their pockets and none of it in ours. Cut funding to schools, Medicare, Social Security – whatever it takes – as ling as Dimon and Blankfein get to keep even more.