Bidenflation: Huge Bonuses Send Wall Street Pay Soaring with Biggest Payouts in a Decade

February 3, 2022 Alan Economy Comments Off on Bidenflation: Huge Bonuses Send Wall Street Pay Soaring with Biggest Payouts in a Decade

Damn it feels good to be a banker.
Wall Street firms are paying huge bonuses as the economy emerges from the pandemic, with compensation packages growing to levels not seen in a decade.

Many of the top executives have received pay packages solidly in the eight figures.
J.P. Morgan chief Jamie Dimon saw his 2021 compensation jump to $34.5 million. He was bested by James Gorman at Morgan Stanley, whose seven percent raise boosted pay to $35 million. Goldman Sachs CEO David Solomon’s compensation went from $27 million in 2019 to $35 million for 2021 (he received just $17 million in 2020 after the bank paid enormous …
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Hirono on Inflation: Companies ‘Could Give Up’ Some ‘Unearned Profits’ to Help, GOP Hasn’t Done Anything

February 12, 2022 Alan Economy Comments Off on Hirono on Inflation: Companies ‘Could Give Up’ Some ‘Unearned Profits’ to Help, GOP Hasn’t Done Anything

On Friday’s “CNN Newsroom,” Sen. Mazie Hirono (D-HI) argued that inflation is due to the pandemic and supply chain issues, “none of which the Republicans choose to do anything about except to blame Joe Biden.” […]