{"id":190020,"date":"2010-01-15T19:09:00","date_gmt":"2010-01-16T00:09:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/01\/15\/not-enough-bullets-shareholders-got-a-gun-edition\/"},"modified":"2010-01-15T19:09:00","modified_gmt":"2010-01-16T00:09:00","slug":"not-enough-bullets-shareholders-got-a-gun-edition","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/01\/15\/not-enough-bullets-shareholders-got-a-gun-edition\/","title":{"rendered":"Not Enough Bullets: Shareholders Got a Gun Edition"},"content":{"rendered":"<p><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=aC_VUJ7lB5N8&amp;pos=4\">JPMorgan Allots $378,600 Per Investment Bank Worker<\/a>:<\/p>\n<blockquote style=\"color: rgb(0, 0, 153);\"><p>JPMorgan Chase &amp; Co., the second- largest U.S. bank, set aside $9.3 billion for compensation and benefits for investment-bank employees in 2009, enough to pay each worker in that unit $378,600.<\/p>\n<p>The reserve is 33 percent of the investment bank\u2019s revenue for the year, compared with 62 percent in 2008, New York-based JPMorgan said today on its Web site. That\u2019s the lowest proportion allocated for pay since JPMorgan merged with Bank One Corp. in 2004. <\/p><\/blockquote>\n<p>You know, if shareholders had any real power to direct a company, the idea that 33% of revenue go to bonuses, much less 62%, would be a thing of the pass.<\/p>\n<p>It is currently <span style=\"font-weight: bold;\">illegal<\/span> for shareholders to vote on compensation plans.  How about we change the law and make it legal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JPMorgan Allots $378,600 Per Investment Bank Worker: JPMorgan Chase &amp; Co., the second- largest U.S. bank, set aside $9.3 billion for compensation and benefits for investment-bank employees in 2009, enough to pay each worker in that unit $378,600. The reserve is 33 percent of the investment bank\u2019s revenue for the year, compared with 62 percent &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[970,975,969,1004],"tags":[],"class_list":["post-190020","post","type-post","status-publish","format-standard","hentry","category-corruption","category-employment","category-evil","category-finance"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/190020"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=190020"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/190020\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=190020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=190020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=190020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}