General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFor anyone who missed Rep. Katie Porter's dressing down of Jamie Dimon...
it's a master class in making a big-shot banking CEO look like a chump.
greatauntoftriplets
(175,749 posts)I think she's one to watch, a bit low key, but she had Dimon spluttering because he could not answer her questions.
True Dough
(17,321 posts)and for him to say he'd like to speak to that employee, well, that doesn't cut it. He needs to address that situation for EVERY employee who's making less than a living wage at his bank. All employers ought to do that.
blm
(113,091 posts)By the end of her first year there will be no one who will want testify. Theyll be shaking in their $10,000 boots.
mopinko
(70,215 posts)BigmanPigman
(51,627 posts)She schooled him like a teacher (this coming from an ex-teacher). Ooooh, she is back on. She was a teacher...it shows.
* Lawrence seems like a cheerleader this week. He must sense that we are feeling blue these days and is trying to cheer us up.
stopbush
(24,396 posts)lostnfound
(16,190 posts)Somehow, we need to inject far more social responsibility into the roles of CEOs.
The capitalism system does just fine at injecting responsibility to shareholders into the CEO job.
But as titans of the economy, the priorities of the companies become reality for the masses.
To translate this into parenting: imagine if a father or mother simply kept their kids fed and housed (satisfying material obligations), but never gave them an ounce of guidance, values, habits or discipline (failing all social obligations). Would we judge them as successful or capable parents?
ck4829
(35,091 posts)yonder
(9,674 posts)She had an unqualified head of a financial agency on the ropes just a couple few weeks ago.
DoctorJoJo
(1,134 posts)moondust
(20,006 posts)I wish she would have asked poor Jamie if he feels he should get a raise, and if so how much it should be. "How much would be enough? Do you hope to be the first trillionaire, while some of your employees can't afford their insulin? Isn't modern capitalism wonderful?"
ancianita
(36,133 posts)dlk
(11,576 posts)Meanwhile, Bank of America recently announced they are raising their minimum pay to $20/hr.
RANDYWILDMAN
(2,675 posts)This Monster of a company made 109 BILLION in 2018
Shoot with that amount of money, how could they only pay POOR Jamie Dimon only 31 million, he needs a raise
Dimon should be fired for not being able to answer that question, but we know darn well he know's the answer, but is not really gonna go there.....
True Dough
(17,321 posts)don't want to hear that answer either.
dlk
(11,576 posts)Hes the poster boy for vulture capitalism
lostnfound
(16,190 posts)If only we could have such conversations in the news, daily
oasis
(49,408 posts)lastlib
(23,286 posts)--- --- --- --- --- --- --- ---
--- --- --- --- --- --- --- ---
--- --- --- --- --- --- --- ---
for Rep. Porter!! --- ---
rufus dog
(8,419 posts)Took 56 years, but first time in my life I've had a D Rep. Of course I have two D Senators.
As for JD, fuck him. "She might have my job someday"
Fuck that asshole.
smirkymonkey
(63,221 posts)I was not familiar with her until now, but I like her style. Well done, Katie!
ck4829
(35,091 posts)ProfessorGAC
(65,168 posts)She called both Dimon and some other guy delusional and accused them of living in a bubble or ivory tower.
rampartc
(5,435 posts)a bank will suspect any of their employees with unusual debts or expenses of potential theft.
dimon knows what he is doing to his employees. he does not care.