Wall Street continues to thumb nose at Obama and American voters




It’s good to be da’ king.

J.P. Morgan Chase awarded its chairman and chief executive, Jamie Dimon, $91,000 in personal travel on the company jet in 2009, up from about $54,000 the previous year. His total perks increased 19 percent, to $266,000. Dimon, along with Goldman Sachs chief executive Lloyd Blankfein and McLean-based Capital One chief executive Richard Fairbank, also received sharply higher perks related to personal and home security.

“Marie Antoinette could fit into this crowd without missing a beat,” said Nell Minow, co-founder of the Corporate Library, which found in recent studies of several thousand U.S. companies that more chief executives received club memberships than a year earlier, and companies paid more to cover executives’ personal use of corporate planes. “Many people would think the solution would be not to be so provocative of unrest and unhappiness, but no, they’re saying, ‘Go ahead and do that, just build bigger walls around your house.’ “

A review of the 29 largest publicly traded financial companies that received federal aid found that nearly one in three increased fringe benefits for their chief executives. Those raises contrast with the belt-tightening that many Americans have experienced during the recession.


An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

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