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Godhumor

(6,437 posts)

17. Her severance was 450,000. The 32 million was already hers.

Reply to Ichingcarpenter (Original post)

Tue May 15, 2012, 08:04 AM

May 2012

16 million was unexercised options already given to her, retirement actual and deferred comp. The other half was shares given to her previously that she will now cash (if termination results in immediate vesting).

In this case she is only walking away with a salary severance, everything else was already in her possession. Misleading way to make it sound like she received a massive golden parachute.

And she was the CIO not CEO.

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Highlight:

Fired JP Morgan CEO gets $32 million dollars as her severance pay [View all] Ichingcarpenter May 2012 OP

LEGALIZED. THEFT. HughBeaumont May 2012 #1

Well she did make $3.7B in 2009. Lucky Luciano May 2012 #8

at least she's not a union thug with a strangling union contract leftyohiolib May 2012 #2

... xchrom May 2012 #3

G'head, tell me why Eisenhower-era tax rates were such a terrible thing again? JHB May 2012 #4

Well, now that she's lost her job, they wanted to help her find a new job, or go back to school tclambert May 2012 #5

. Wilms May 2012 #11

The next person who complains about public employee pensions... Starry Messenger May 2012 #6

Heavens! However will the poor dear survive? deutsey May 2012 #7

RACKET. And I don't mean tennis. nt valerief May 2012 #9

Rewarded for being fired for dereliction of duty liberal N proud May 2012 #10

Bank Bets.... heads they win. Tails, taxpayers lose (again). jerseyjack May 2012 #12

Sounds about right. progressoid May 2012 #13

I'll bet she's feeling really chastized for her screwup CanonRay May 2012 #14

You gotta change that misleading headline. Prometheus Bound May 2012 #15

On a salary... Godot51 May 2012 #16

Her severance was 450,000. The 32 million was already hers. Godhumor May 2012 #17

Yep. nt Lucky Luciano May 2012 #18

Nobody. Nobody is worth that sum of money. nt snappyturtle May 2012 #19

CIO, not CEO; and the $32 million is her retirement package, not severance pay. FarCenter May 2012 #20

Ah, that's it then! Should have given her a massive bonus too... JHB May 2012 #31

incompetence seems to pay. BootinUp May 2012 #21

Yes, Virginia, bvar22 May 2012 #22

I wonder how much of the severance pay some of these people get is hush money to keep them jwirr May 2012 #23

Her severance was 450k not 32 million Godhumor May 2012 #24

Regardless, I'm pretty sure she'll be OK. Bake May 2012 #25

Would she still have that money of she were dismissed in some harsher manner? JHB May 2012 #32

How in fucking hell is this legal?? It's theft plain and simple. Initech May 2012 #26

it's more like $32 million with all her deferred compensation and options grasswire May 2012 #27

Deferred is your money, there would be no way to take that back Godhumor May 2012 #29

Yes, especially if fired for mismanagement. SammyWinstonJack May 2012 #30

She was not CEO. Jamie Dimon is JPM's CEO. AlinPA May 2012 #28

How do we know that this $32 million..? kentuck May 2012 #33