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
(175,775 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
(17,390 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
(113,136 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
(70,387 posts)BigmanPigman
(51,667 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
(24,399 posts)lostnfound
(16,203 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
(35,096 posts)yonder
(9,686 posts)She had an unqualified head of a financial agency on the ropes just a couple few weeks ago.
DoctorJoJo
(1,134 posts)moondust
(20,027 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
(36,238 posts)dlk
(11,606 posts)Meanwhile, Bank of America recently announced they are raising their minimum pay to $20/hr.
RANDYWILDMAN
(2,680 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
(17,390 posts)don't want to hear that answer either.
dlk
(11,606 posts)Hes the poster boy for vulture capitalism
lostnfound
(16,203 posts)If only we could have such conversations in the news, daily
oasis
(49,490 posts)lastlib
(23,386 posts)--- --- --- --- --- --- --- ---
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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
(35,096 posts)ProfessorGAC
(65,427 posts)She called both Dimon and some other guy delusional and accused them of living in a bubble or ivory tower.
rampartc
(5,458 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.