Sustainability and Politics: JPMorgan/Jamie Dimon: Execs SHOULD GRATEFULLY GRANT Clawbacks to Aid Shareholders/Stock

Tuesday, June 19, 2012

JPMorgan/Jamie Dimon: Execs SHOULD GRATEFULLY GRANT Clawbacks to Aid Shareholders/Stock

News Wrap: JPMorgan Was Honest With Shareholders, Jamie Dimon Says | PBS NewsHour | June 19, 2012 | PBS

Robber-barons ought to cough up some of their largesse after they've cracked the piggy bank. Their has to be repercussions for losing 2 billion dollars in a publicly-traded company - not just one-way ever increasing bonuses.

"REP. BARNEY FRANK, D-Mass.: You did say finally that there would be some clawbacks for compensation. You have also taken some responsibility here. Will the clawbacks for compensation -- is your compensation on the table for consideration of clawbacks?

JAMIE DIMON, chairman, JP. Morgan Chase: Yes, all of these -- this whole axis if being reviewed by the board.

REP. BARNEY FRANK: Yours specifically. Just a specific question.

JAMIE DIMON: My compensation is 100 percent up to my board.

REP. BARNEY FRANK: Is it -- Mr. Dimon, you said that there are going to be clawbacks for people responsible. Is your compensation in the pot that's going to be considered for that?

JAMIE DIMON: They will do what they see is appropriate. I can't tell my board what to do."

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I've been thinking some about the Winter Solstice, the Mayan end of the 30,000-year-cycle on 12/21/12.

What if in fact the world did end? Even though this probably will not happen, to live consciously it is honest for us to take a bit of an inventory.

Am I happy with how I've lived my life? (Yesterday, I thought mostly yes, with some areas for improvement, as below.) Are there changes I would make?
Would I have tried to forgive those that were hostile or disappointing to me?
Would I spend more time with those I loved the most, telling them that, feeling that more?
Would I be happier, grateful for what I have, what I've experienced, the joy, the beauty in this world?

Maybe the answer is yes to all of the above.
So this time can serve as a point of rebirth for all of us. If we think about it.

Because somewhere along the line I realized I think maybe mankind deserves it. !
The way we are killing each other, killing the planet.
How selfish we are, and snotty to those around us. Petty, competitive. Why is this? Do we have to behave this way? (I say no, it greatly detracts and misdirects energy from the full-time celebration in which we could engage, the great multi-cultural, multi-rhythmic dance we can sustain here.)

Maybe God or the Great Universe is fed up, and will pull the rug out from under us.
Don't think I can say we could blame Him/Her/It.

But it probably won't happen. (Probably not! This time.)

Still we are finite on this ride.

It is a time to think, am I happy with how I've lived my life?
Hopefully most of us can say yes.

For the part of us that have a little worry, a little sadness....
This is the time to be present.
This is the time to be the person you want to be, that can die at peace, that can hope to every day be able to look yourself and the Universe in the eye and say, how beautiful, smiling, and thank you. Let's do that.