Tuesday, April 16, 2019

Does JP Morgan's Jamie Dimon Even Care?

A US Democratic congresswoman from California, Katie Porter spelled out to JP Morgan's CEO, Jamie Dimon (left), the real-world implications of the low wages his bank pays their junior employees at a senate hearing on Wednesday. 

After running Dimon through the numbers, Porter found that a single mother on the bank's starting salary for a teller would be $567 in the red at the end of each month. 

When asked how a woman in that situation could get by, Dimon could only respond with a 'I don't know'. 

He is a CEO and yet, very much a dumb-ass!

One cannot help but conclude that even in the US of A, a living wage is still out of reach for many of its citizens!

Compare this to Dimon's full compensation for 2018 totaled $31 million, up from $29 million, according to a Securities and Exchange Commission filing. The compensation includes a base salary of $1.5 million for Dimon and $29.5 million from performance-based incentives, the filing says. 

This is disgraceful, despicable, sad. To all the high-income earners out there – stop taking so much money for yourselves. When is it enough? 

For God’s sake, do something for the common folks out there who are trying hard to make ends meet. Kindly help those in need! Please learn to give!

Monday, April 15, 2019 marks the 30th anniversary of the Hillsborough disaster. A human tragedy that has become synonymous with one city. 

Yesterday, touching tributes had poured in once again from across the world of football – all of them offering support and solidarity with the people of Liverpool. And they are all gratefully received. 

But it is worth remembering that the calamity that unfolded in Sheffield 30 years ago yesterday when 96 LFC fans lost their lives have been felt far beyond the confines of the city of Liverpool. 

Hillsborough is really football’s tragedy.

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