The Occupy Wall Street Protests that started in September 2011 & and then spread across the nation have highlighted ongoing problems of massive unemployment & income inequality in the U.S. Elected officials, various members of the news media, & even a few of my own friends have mocked this movement. I believe that it is possible to find a different story for every day of the year that answers "Why They Occupy".
Monday, January 30, 2012
Stocks Fall; Bank CEO's Still Paid Well (for 12/31/11)
2011 was not a good year for bank stocks. But, their leaders still got paid lavishly. JP Morgan Chase CEO Jamie Dimon will get nearly $42 million in total 2011 pay, even has his bank's stock declined 23%. Brian Moynihan will still get $2.26 million even though his bank's stock is now only 40% what it was at the start of the year. Lloyd Blankfein, Goldman Sachs CEO, will get $21.7 million even though its stock fell nearly 50%. Stock options and the expectations of the market for the next year often explain why their pay keeps rising.
http://www.cnbc.com/id/45817416
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