Shocking News: Jamie Dimon's Compensation Not On Line If Another Crash Happens
Last year, Rep. Barney Frank asked JPMorgan Chase CEO Jamie Dimon if his compensation would be on the line if his bank suffered huge financial loses. Dimon ran away from that question as fast as he could. Dimon told Frank that he has no control of how much his board pays him. Keep in mind, that Dimon handpicks his board and is one of the most power men of Wall Street. Nope, no control whatsoever.