Jamie Dimon’s Raise Proves That The MegaBanks Need To Be Broken Up

John Winslow makes a simple case, Jamie Dimon’s Raise Proves That The MegaBanks Need To Be Broken Up

"First we learned last fall that the Justice Department had fined JPMorgan Chase shareholders $13 billion - that’s the largest fine in history - mainly for its sale of fraudulent residential mortgages, which helped wipe out the savings of millions of pensioners and was a major cause of the Great Recession.

Then, a few months later, we learned that those very same shareholders had awarded JPMC president Jamie Dimon, who himself had engineered the catastrophic sale, a 73 percent salary increase - bumping up his annual compensation to more than $20 million."