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Jamie Dimon Makes His Average Employee's Annual Salary In One Day [zero hedge]

Bank of New York Mellon Corp (BK)  More Company Research Source: zero hedge
Last bank of new york mellon corp earnings: 10/18 06:30 am Check Earnings Report
PDF It should come as no surprise that Jamie Dimon makes a lot of money; after all, one of the trademark statements by the CEO of the bank that was first handed Bear Stearns on a silver platter for pennies on the dollar and just a few months later was bailed out by the government, is "that's why I am richer than you."To underscore this, in 2015 Dimon, whose bank was forced to disclosure to clients and investors that it was caught rigging the FX market... ... officially became a billionaire, largely thanks to JPM's soaring stock price.“The odds are much, much lower for a bank CEO becoming a billionaire than a guy going to a hedge fund or private equity,” said Roy Smith, a professor at New York University Stern and a former Goldman partner who started on Wall Street in 1966. “The real lucre in this business has always been on the transactional side. The CEOs of Wall Street have to deal with litigation, regulation and the relatively short tenures you have at the top of the pile.”However, the [Read more]

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