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(CNN)   Top bankers' salaries drop from plaid to ludicrous   (edition.cnn.com) divider line 14
    More: Interesting, BBVA, Jamie Dimon, RBs, Credit Suisse, FTSE Group  
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921 clicks; posted to Business » on 24 Jun 2013 at 9:14 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



14 Comments   (+0 »)
   
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2013-06-24 08:20:32 AM
Dammit, It was just about to trickle down, I thought I felt a drip.
 
2013-06-24 09:16:27 AM
but the opinion of bankers hasnt gone from suck to blow yet.
 
2013-06-24 09:25:38 AM
Aww, too bad. I pity them so. Is there someplace we can send canned goods to help them in their time of need?
 
2013-06-24 09:43:44 AM
25.media.tumblr.com
 
2013-06-24 09:46:55 AM
FTA: "Mr Dimon, who received $18.7m, is likely to drop even further in the 2013 ranking after JPMorgan gave him sharply lower stock awards this year to reflect the "London Whale" trading debacle. "

That poor man!  To Kickstarter.  Stat!
 
2013-06-24 11:18:29 AM
Will no one think of the bankers?  Of all the things that could possibly happen, this is the WORST.  POSSIBLE.  THING!!
 
2013-06-24 11:52:02 AM

AngryDragon: FTA: "Mr Dimon, who received $18.7m, is likely to drop even further in the 2013 ranking after JPMorgan gave him sharply lower stock awards this year to reflect the "London Whale" trading debacle. "

That poor man!  To Kickstarter.  Stat!


however will he survive making a piddly $15 million a year? get that man on food stamps!
 
2013-06-24 12:22:05 PM

Twist-42: AngryDragon: FTA: "Mr Dimon, who received $18.7m, is likely to drop even further in the 2013 ranking after JPMorgan gave him sharply lower stock awards this year to reflect the "London Whale" trading debacle. "

That poor man!  To Kickstarter.  Stat!

however will he survive making a piddly $15 million a year? get that man on food stamps!


A couple tax cuts are probably needed as well.
 
2013-06-24 12:24:30 PM
For perspective, in 2007 my home team paid Richie Sexson $15.5 million to bat .205.

/ sob
 
2013-06-24 12:52:28 PM
It's amazing how concerned people are with what other people make.

cdn-usa.gagbay.com
 
2013-06-24 01:13:07 PM

LL316: It's amazing how concerned people are with what other people make.


It's not amazing at all.  If anything, it boggles my mind that so many people can't understand why we find this important.  It really does look like America's suffering from a sociopathy epidemic.

Let me explain, as you evidently don't see it either.  Let's first see it your way.  In a vacuum, the annual compensation of the CEO of Omnicorp Banking is none of my business.  It doesn't directly affect me, it's a private contract matter and if I'm really concerned that they're getting bad value, I can try to avoid investing in their business.  That said, odds are the bank is making profits with a sociopath at the helm, so this would be a rather foolish thing to do.

The problem is that I'm not a sociopath, and there is no such thing as a vacuum in society.

First, I care about stuff even if it doesn't happen to me.  I'm not a "I got mine" dickwad that's apparently 80% of America these days.  That this guy is being rewarded large sums of money to run a very large company means that there is a significant amount of social influence at stake over which I have very little control.  I may not own stock in the bank or even owe it money, but I can't say the same about people I know.  Not to mention, I acknowledge that this impacts people I don't know.  This bank may enact a policy that causes someone's home to be foreclosed for bullshiat reasons and I would have no way to stop it.  Sure, they can fight it, but that's tens of thousands of dollars and countless hours getting flushed down the legal toilet right there.  Why wouldn't I give a fark who's running this company and for how much?  You can say it's none of my business all you want but ANYTHING a company that massive does IS my business; I hardly have a choice.  Today's multinational corporations can dramatically impact policy in nations on the other side of the world FFS; there's no escaping their reach.

Second, there's a moral level to this in that America's rightly concerned about what sorts of behaviors are rewarded, and by how much.  I'm going to exaggerate to make the point more clear,  so let's say America passes a law legalizing the butchering of children.  I'm not a kid, nor do I have children.  In fact, none in immediate family have children, so this law really wouldn't personally affect me all that much.  But this is still the sort of law I'd fight tooth and nail, and possibly risk my life to defeat, because I don't want to live in a goddamn society of people who butcher children*.  Odds are even if I never see a kid butchered in front me I'd still be subject to consequences of living in a world where such awfulness is forgiven.  Some second-year philosophy major might call that a different form of selfishness, but I'd like to call it pragmatic.  There are significant upsides to a society that doesn't actively reward evil, not that people around here would ever know what the fark those are.

And that's why I don't want to live in a society that pays people tens of millions to run the same goddamn banks that farked over the economy, either.

*Welcometofark.jpg
 
2013-06-24 01:20:32 PM

dragonchild: Second, there's a moral level to this in that America's rightly concerned about what sorts of behaviors are rewarded, and by how much. I'm going to exaggerate to make the point more clear, so let's say America passes a law legalizing the butchering of children. I'm not a kid, nor do I have children. In fact, none in immediate family have children, so this law really wouldn't personally affect me all that much. But this is still the sort of law I'd fight tooth and nail, and possibly risk my life to defeat, because I don't want to live in a goddamn society of people who butcher children*. Odds are even if I never see a kid butchered in front me I'd still be subject to consequences of living in a world where such awfulness is forgiven. Some second-year philosophy major might call that a different form of selfishness, but I'd like to call it pragmatic. There are significant upsides to a society that doesn't actively reward evil, not that people around here would ever know what the fark those are.


Really wouldn't go with that analogy. You're just begging for an abortion debate.
 
2013-06-24 01:31:04 PM

Sergeant Grumbles: Really wouldn't go with that analogy. You're just begging for an abortion debate.


I don't see a point in being careful.  There isn't an analogy on the planet that can't be perveted into a hyperpartisan propaganda soundbite.
 
2013-06-24 07:25:19 PM
Hopefully soon they will be upgraded to prison rape. Too much to hope, probably.
 
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