Dimon pay raise mocks accountability - MarketWatch First Take - MarketWatch

Dimon pay raise mocks accountability - MarketWatch First Take - MarketWatch 

This is infuriating. This guy should be punched in the face because of his negligence and malfeasance and resulting market-threatening 'leadership,' but he gets a raise? This another sign of the serious, diseased underbelly of American greed eating away at the core of a great nation.

"Dimon is slated to receive more than the $11.5 million
compensation package he received in 2012, a year his pay was cut
following the bank’s losses resulting from the “London whale” trading
fiasco.

Last year was even worse for J.P. Morgan

JPM
-1.59%


  and shareholders. The bank had to set aside more than $25 billion in
legal reserves and ended up spending it on settlements tied to the sale
of damaged mortgage securities, market manipulation and other alleged
wrongdoing. J.P. Morgan reported a third-quarter loss and a drop in
profit in the fourth quarter.

That Dimon would be able to reap a reward for that sort of performance
underscores just how empty Wall Street’s promises about how pay would be
tied to performance after the financial crisis"