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"Just because it resonates, doesn't make it right"



<p class = "canvas atomic text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "JPMorgan Chase ( JPM ) CEO Jamie Dimon has in recent months been criticized by the progressive fire congress Alexandria Ocasio-Cortez (D-NY) and Senator Bernie Sanders (I-VT), in a new interview he returned and recognized today's complaint of their economic populism, but rejects what is misguided. "JPMorgan Chase (JPM), CEO Jamie Dimon, has in recent months been critically criticized by the progressive Fire Congress Alexandria Ocasio-Cortez (D-NY) and Senator Bernie Sanders (I-VT). In a new interview he kicked back and recognized the current appeal of their economic populism, but rejected it as misunderstood.

"Just because it resonates, doesn't do it right," says Dimon, when asked about criticisms made by Ocasio-Cortez, Sanders, and Senator Elizabeth Warren (D-MA).

<p class = "canvas-text text Mb (1.0em) Mb (0)" type = "text" content = "The comments came just before Warren on Friday sent a letter & nbsp; to Dimon and raised concerns about the reinstatement of the company's compulsory credit card holders policy, which forbids customers from holding the bank liable in the court for potential misdemeanor. "data-reaktid =" 17 "> The comments came just before Warren sent a letter on Friday to Dimon concerned about the restoration of the company's compulsory credit card holders policy, which prevents customers from holding the bank liable for the potential for misdemeanor

<p class = "canvas atomic text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" At a hearing on Capitol Hill In April, Ocasio-Cortez and lawmakers set targeted & nbsp; the ten million in compensation received by top executives, including Dimon, who received $ 3 1 million in compensation last year. The relationship between CEO and Net salary at JPMorgan Chase stands at 381: 1, and ranks it second highest among the major banks by Citigroup. "data-response time =" 18 "> Ocasio-Cortez was in April in connection with a hearing on Capitol Hill in addition to lawmakers targeting millions in compensation received by senior executives, including Dimon, who received $ 31 million in compensation last year The relationship between the CEO and the entrance fee of JPMorgan Chase stands at 381: 1, which is second highest among the major banks, by Citigroup.

However, the consolidation of the CEO and training salary is "comparing apples and oranges," says Dimon to Yahoo Finance Editor chief Andy Serwer calls the calculation a complete waste of time. "

" People don't seem clear about things like that, "he adds." We treat our people well, we educate our people, we give them a great opportunity – and that's what we should do. "

<p class = "canvas-textile-textile Mb (1.0em) Mb (0) –M Mt (0.8em) – sm" type = "text" content = "Minimum starting salary & nbsp; by JPMorgan Chase is $ 16.50 per hour, although it can start at $ 18 for high-speed workers. At the same time, Bank of America announced in April that the hourly wage would increase to $ 17 in May and increase to $ 20 by 2021. "data-response time =" 21 "> The minimum starting salary of JPMorgan Chase is $ 16.50 per hour, even In the meantime, Bank of America announced in April that its hourly wage would rise to $ 17 in May and increase to $ 20 by 2021.

Dimon pointed out the benefits package the company offers startup level employees, says about how the company improved its health care coverage when he found out that some employees could not afford deduction.

"The other we found out for our lower paid people who made less than $ 60,000 a year, we cut deductible to the extent that that if they do well-being programs, it is effectively zero, he says.

Dimon also pointed to the competitive pressure that forces him to pay enough to hire and retain effective workers.

"To act as a way, I can steal from them and do a good job on me The company is a little crazy," he says.

<p class = "canvas-fabric lerret text Mb (1.0em) Mb (0 ) – sm Mt (0.8em) – sm "type =" text "content =" Dimon made the comments of Yahoo Finance Editor-Chief Andy Serwer in a conversation that posted on Yahoo Finance in an episode of " Influencers with Andy Serwer ", a weekly interview series with leaders in business, politics and entertainment. "data-reactid =" 30 "> Dimon made the comments of Yahoo Finance Editor-Chief Andy Serwer in a conversation that posted on Yahoo Finance in an episode of" Influencers with Andy Serwer ", a weekly interview series of business leaders, politics and Entertainment.

According to Dimon, populist critics misunderstand actions by wealthy people and big banks, yet he acknowledged that these critics were able to experience genuine dissatisfaction held by people struggling to access services such as quality training and health care. 19659011] JPMorgan Chase CEO Jamie Dimon appears on Influencers with Andy Serwer. ” class=”JsEnabled_Op(0) JsEnabled_Bg(n) Trsdu(.42s) Bgr(nr) Bgz(cv) StretchedBox W(100%) H(100%) ie-7_H(a)” itemprop=”url” style=”background-image:url(https://s.yimg.com/ny/api/res/1.2/jmmIlsAmHJM2F..Qf1bP_g–~A/YXBwaWQ9aGlnaGxhbmRlcjtzbT0xO3c9ODAw/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-uploaded-images/2019-06/95105f40-99d6-11e9-a9ff-0e1c5e25866e);” src=”https://s.yimg.com/g/images/spaceball.gif” data-reactid=”36″/>

JPMorgan Chase, CEO Jamie Dimon, appears on Influencers with Andy Serwer.

"We should acknowledge the problems of society that cause anger, "he says.

But these problems are that we cannot build infrastructure, he adds." These problems are that the inner cities do not educate our children. Our legal system is moody. The health sector is enormous – we should get all the health care to the 40 million who don't. "

Leading progressive Ocasio-Cortez and Sanders have attacked Dimon in recent months.

<p class =" canvas Dimon criticized the potential negative economic consequences of the Green New Deal bill proposed in March. at Ocasio-Cortez. The next day, the novice responded to the New York Congresswoman, pointing to Dimon's participation in a $ 13 billion settlement over the allegations that JPMorgan Chase fraudulently misrepresented the mortgage it sold to investors ahead of the 2008 recession. She also criticized the bank's financing of fossil fuel pipelines . data-response time = "46"> In March, Dimon criticized the potential negative economic consequences of the Green New Deal legislation proposed by Ocasio-Cortez. The next day, the novice responded to the New York Congresswoman, pointing to Dimon's participation in a $ 13 billion settlement over the allegations that JPMorgan Chase fraudulently misrepresented the home loans it sold to investors before the 2008 recession. She also criticized the bank's financing of fossil fuel pipelines.


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