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Why JPM’s Jamie Dimon’s Pay Increase is Offensive
During the 2008 economic crisis that leveled former financial giants like Lehman Brothers and Bear Stearns, which my employer at the time, JPMorgan Chase eventually acquired, I was on the enviable side of immunity.
After spending almost two-years as the executive assistant with a range of job duties, that kept getting broader with each passing year, there was still a huge sense of relief that came with being secured in the golden bosom of the most successful private bank in the financial industry.
Later on, I would discover that the intense meetings involving the credit team, private bankers and investors, ended up doing the worse damage required to maintain those epic bonuses at the expense of the expendable.
By the fifth year at my place of employment, things started to get uncomfortable, as bitterness set in after enduring months and months of a cumbersome workload, without the adequate compensation that should match consistent output.
As with most greedy corporations that are helmed by the self-righteousness of privileged white males in powerful positions, there were accommodations in place to give lower-tier workers the falsehood that their complaints and recommendations were being taken seriously.
