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".
Showing posts with label Stocks. Show all posts
Showing posts with label Stocks. Show all posts
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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