Well, At Least We Can Take Comfort In Knowing They Are Spending Our Stolen Money Wisely...

[WillyT]

Jamie Dimon’s Move Cost How Much?
By: dakine01 - FDL
Saturday April 9, 2011 8:41 am

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Yesterday morning (Friday, April 8), I was doing my regular surfing of news sites, after once again not finding any jobs in my daily job search when I came across this story from Reuters on the pay that JP Morgan Chase CEO Jamie Dimon received for 2010. The thing that caught my eye most of all however was not the $20.8M in total compensation. Nor was it the $5M cash bonus on top of the $1M cash salary for the year. No, the items that caught my eye were at the bottom of the article on the “perks” Dimon received:

His 2010 compensation also included $579,624 worth of perks, including $421,458 of “moving expenses,” $95,293 to use company aircraft and $45,730 for personal automobile use. Most of the rest went toward home security.

Like many Americans who have had trouble selling their homes, Dimon did too. The moving expenses relate to the sale in 2010 of Dimon’s Chicago-area home, in which he had lived while heading Bank One Corp that was sold to JPMorgan in 2004.

CNN/Fortune’s Wall Street Blog puts the total cost of Dimon’s “move” since 2008 at:

JPMorgan forked over $421,458 last year to compensate Dimon for moving costs incurred as he moved his family from Chicago to New York. Yes, moving is hell, but you don’t know the half of it.

This is the second time in three years that the bank picked up a six-figure sum for Dimon’s relocation – which ended up taking five costly years from end to end. The bank has kicked in $617,734 since 2008 to cover the move.

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More: http://my.firedoglake.com/dakine01/2011/04/09/jamie-dimons-move-cost-how-much/

:wtf:

:puke:

:banghead:

:nuke:

[WillyT]

1. Kick !!!

:kick: