Bank chiefs’ pay rises by 36% (in the ONE year from 2009-2010)

[notesdev]

Bank chiefs’ average pay in the US and Europe leapt 36 per cent last year to $9.7m, according to data compiled for the Financial Times, despite variable performance across the sector.

Two of the industry’s biggest names – Jamie Dimon, the JPMorgan Chase chief executive, and Goldman Sachs’ Lloyd Blankfein – were paid more than 15 times their 2009 earnings. Mr Dimon received nearly $21m in 2010, topping the FT’s survey of the salary and bonus packages awarded to 15 top bankers. Mr Blankfein earned $14.1m, including a $5.4m cash bonus – up from $863,000 in 2009.

http://www.ft.com/intl/cms/s/77431a66-96b0-11e0-baca-00144feab49a,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F77431a66-96b0-11e0-baca-00144feab49a.html


Just to be clear: These are not earnings. This is money YOUR government stole from YOU at gunpoint and handed to them. This is stolen money, YOUR stolen money and mine.

And they'll get away with it because you are (on average) too stupid and cowardly to do anything about it. So plant your ass back on that couch and tune back in to "American Idol", and never give a thought as to what their plans are for you when you have nothing left to steal.

[midnight]

1. Greed is chocking the health of this country...

[Scuba]

2. Twenty-one million? Hardly a top earner.....

...the Koch brothers cleared $100,000,000 every week last year. Each.

And hedge fund managers made up to $2.4 million every hour last year (see link)...

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x888358

[MannyGoldstein]

3. Green shoots! Green shoots!

And people worry about near-20% real unemployment.

This is proof-positive that or policies are working.

[GeorgeGist]

4. Thank you President Obama.