{"id":191113,"date":"2009-09-23T20:49:00","date_gmt":"2009-09-24T01:49:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/09\/23\/another-claude-raines-moment-banker-salaries\/"},"modified":"2009-09-23T20:49:00","modified_gmt":"2009-09-24T01:49:00","slug":"another-claude-raines-moment-banker-salaries","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/09\/23\/another-claude-raines-moment-banker-salaries\/","title":{"rendered":"Another Claude Raines Moment: Banker Salaries"},"content":{"rendered":"<div style=\"border: 1px solid black; margin: 0px 10px; width: 410px; float: right; text-align: center;\"><img decoding=\"async\" src=\"http:\/\/img73.imageshack.us\/img73\/2451\/ricklouiegambling248356no6.jpg\" bordercolor=\"white\" border=\"0\" width=\"400\" \/><br \/><span style=\"font-style: italic;\">I&#8217;m shocked, shocked to find that gambling is going on here!<\/span><\/div>\n<p> <a href=\"http:\/\/www.cnbc.com\/\/id\/32982824\">US Bank CEO Pay Dwarfs Rest of the World: Study<\/a><\/p>\n<p>I am stunned that suggestion that the geniuses at Wall Street might somehow be overpaid:<\/p>\n<blockquote style=\"color: rgb(0, 0, 153);\"><p>Jiang, chairman of Industrial and Commercial Bank of China, made just $234,700 in 2008. That&#8217;s less than 2 percent of the $19.6 million awarded to Jamie Dimon, chief executive of the world&#8217;s fourth-largest bank, JPMorgan Chase<\/p>\n<p>&#8230;<\/p>\n<p>&#8220;The U.S. executive pay levels have always dwarfed pay for companies elsewhere in the world,&#8221; said Sarah Anderson, a fellow with the Institute for Policy Studies, which is critical of Wall Street, and co-author of the recent study &#8220;America&#8217;s Bailout Barons.&#8221;<\/p>\n<p>&#8220;They have claimed it is impossible to recruit people without paying such compensation. Yet, if you look at the pay levels in Europe and in a lot of Asian countries, somehow they manage to find people who can run major global firms while making a fraction of what they make in the U.S.,&#8221; she said. <\/p><\/blockquote>\n<p>Great googly moogly:  Why don&#8217;t we just outsource bank presidents to China.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I&#8217;m shocked, shocked to find that gambling is going on here! US Bank CEO Pay Dwarfs Rest of the World: Study I am stunned that suggestion that the geniuses at Wall Street might somehow be overpaid: Jiang, chairman of Industrial and Commercial Bank of China, made just $234,700 in 2008. That&#8217;s less than 2 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":[1170,1004,1023,985],"tags":[],"class_list":["post-191113","post","type-post","status-publish","format-standard","hentry","category-china","category-finance","category-labor","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/191113"}],"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=191113"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/191113\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=191113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=191113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=191113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}