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Old 02-01-2014, 11:40 AM  
chiefzilla1501 chiefzilla1501 is offline
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A tale of two different executive compensations

http://www.washingtonpost.com/blogs/...no-to-a-bonus/
IBM CEO refuses bonus

http://www.politico.com/story/2014/0...se-102570.html
Chase CEO gets 74% pay raise despite Chase despite all their troubles this year

Accountability. What a novel concept.
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Old 02-01-2014, 12:06 PM   #2
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You know that you can still do a god job running a company that had troubles, right?
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Old 02-01-2014, 01:03 PM   #3
Mr. Flopnuts Mr. Flopnuts is offline
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You know that you can still do a god job running a company that had troubles, right?
What is your occupation, good sir?
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Old 02-01-2014, 01:37 PM   #4
petegz28 petegz28 is offline
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I have to admit that Dimon getting that kind of a raise is pure bullshit and is symbolic of what is going wrong with corporate America today
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Old 02-01-2014, 01:37 PM   #5
BucEyedPea BucEyedPea is offline
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Originally Posted by chiefzilla1501 View Post
http://www.washingtonpost.com/blogs/...no-to-a-bonus/
IBM CEO refuses bonus

http://www.politico.com/story/2014/0...se-102570.html
Chase CEO gets 74% pay raise despite Chase despite all their troubles this year

Accountability. What a novel concept.
Yeah, well, it's their companies--they can do what they want on such things.
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Old 02-01-2014, 01:42 PM   #6
petegz28 petegz28 is offline
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Originally Posted by BucEyedPea View Post
Yeah, well, it's their companies--they can do what they want on such things.
You could not be more wrong
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Old 02-01-2014, 01:47 PM   #7
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Originally Posted by petegz28 View Post
I have to admit that Dimon getting that kind of a raise is pure bullshit and is symbolic of what is going wrong with corporate America today
Well I won't say IBM doesn't get any govt perks, but I don't think it's to the degree of the Chase enterprise.

A business can be a genuine creature of free enterprise or a statist enterprise which is primarily what Chase, a commercial bank, which tend to teeter on bankruptcy requiring govt aid through bailouts and banking holidays ( in the past).

Such statist enterprises underwrite"government bonds, in the United States and abroad. Therefore, they have a vested interest in promoting deficits and in forcing taxpayers to redeem government debt. Both sets of bankers, then, tend to be tied in with government policy, and try to influence and control government actions in domestic and foreign affairs."

First appearing in World Market Perspective (1984) and later as a monograph published by the Center for libertarian Studies (1995)

Maybe it's time to boycott such enterprises like Chase. They are just not free-market capitalists.
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Old 02-01-2014, 01:48 PM   #8
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You could not be more wrong
Why?

Note: I am not saying it's right or a good thing. It isn't. Just it's their company. But see my above post also.
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Old 02-01-2014, 02:14 PM   #9
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Originally Posted by BucEyedPea View Post
Why?

Note: I am not saying it's right or a good thing. It isn't. Just it's their company. But see my above post also.
you think Dimon owns a majority of JPM?
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Old 02-01-2014, 02:24 PM   #10
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you think Dimon owns a majority of JPM?
I don't know but that wasn't what I was referring to. It is just not owned by you and I.
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Old 02-01-2014, 02:35 PM   #11
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I don't know but that wasn't what I was referring to. It is just not owned by you and I.
Regardless, that does not negate the fact that it is not Dimon's company. I would be curious to know how many people JPM laid off this year and what the average % raise was for employees as he received a 74% raise in a time where his company was fraught with legal problems and inflation was nothing close to 74%?

This is the kind of shit that gives fuel to the Obama's and the Occupy types.
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Old 02-01-2014, 02:55 PM   #12
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Originally Posted by petegz28 View Post
Regardless, that does not negate the fact that it is not Dimon's company. I would be curious to know how many people JPM laid off this year and what the average % raise was for employees as he received a 74% raise in a time where his company was fraught with legal problems and inflation was nothing close to 74%?

This is the kind of shit that gives fuel to the Obama's and the Occupy types.

No one applauded when they cut his pay a year ago. He must have achieved the goals his board established you reckon?
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Old 02-01-2014, 03:22 PM   #13
petegz28 petegz28 is offline
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No one applauded when they cut his pay a year ago. He must have achieved the goals his board established you reckon?
I can't imagine any valid excuse to justify raising a CEO's pay by 74% while employees were denied raises and bonuses due tot he fines the company had to pay.

Then again, I can't imagine any valid excuse to raise a CEO's pay 74% in one year, period.
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Old 02-01-2014, 05:01 PM   #14
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Regardless, that does not negate the fact that it is not Dimon's company.
I said "their" companies as in plural--not "his." It doesn't belong to the people. So whoever owns the company, group or otherwise, decides if it's worth paying Dimon that much.

Quote:
I would be curious to know how many people JPM laid off this year and what the average % raise was for employees as he received a 74% raise in a time where his company was fraught with legal problems and inflation was nothing close to 74%?
I don't know.

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This is the kind of shit that gives fuel to the Obama's and the Occupy types.
I agree. IMo their outrage is misplaced if they don't bring up bailouts by taxpayers or other govt entanglements for their benefit.
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Old 02-01-2014, 06:42 PM   #15
chiefzilla1501 chiefzilla1501 is offline
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No one applauded when they cut his pay a year ago. He must have achieved the goals his board established you reckon?
Applauded? How the **** did he keep his job?

We're supposed to applaud a man for taking a $10M paycut when he oversaw a fallout leading to a $6 BILLION loss?
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