Jamie Dimon’s bonus?
Seventeen million in stock, according to a new S.E.C. filing. That’s about what the JPMorgan CEO was expected to collect: less than the nearly $28 million bonus he got in 2007, but significantly more than the $1 million in salary he took in 2008.
Naturally, everyone’s wondering what this means for Goldman Sachs CEO Lloyd Blankfein. Surely Mr. Blankfein can’t collect that rumored $100 million now that Mr. Dimon—who also led his firm, profitably, through the worst days of the financial crisis—has settled at $17 million. But it’s hard to imagine him taking any less than his rival.
Banker rivalries aside, what will Mr. Dimon’s bonus mean for Wall Street’s relationship with the White House? Will President Obama call his pal’s payoff “obscene“? And will he push a big tax to collect some of the money? And will a harsh reaction be enough to turn Mr. Dimon towards the open arms of John Boehner and his threadbare Republican outfit?
White House spokesman Robert Gibbs hadn’t seen Mr. Dimon’s bonus earlier today—when he said there was a “disconnect” between Wall Street pay and the rest of the country—and the White House already closed up shop in preparation for this epic storm, so we’ll have to wait to find out.
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