Let’s sic Waters on Dimon next for his answers to this question about a hypothetical underpaid JP Morgan employee. Dimon take home $31M a year, employees takes home $37,500, and it never occurs to him to say, let’s give her and other employees a raise!
With a take-home pay of $35,070 a year, including a $750 bonus, the employee came up nearly $600 short a month on her expenses, even excluding costs such as clothes and medication.
“I don’t know,” Dimon replied. “I’d have to think about that.”
“Would you recommend that she take out a JPMorgan Chase credit card and run a deficit?” Porter asked.
“I don’t know. I’d have to think about it,” Dimon replied, this time somewhat curtly.
“Would you recommend that she overdraft at your bank and be charged overdraft fees?” Porter asked.
“I don’t know,” Dimon replied again. “I’d have to think about it.”