Jamie Dimon Is Not Going to Pay Your Tricks More Than You, Bank of America
Pic translation for the uninitiated:
Bank of America, the bull is JP Morgan and the balls are you.
Jamie Dimon saying he won't steal talent from Citi and Bank of America is like Atlanta Fed's ex head of bank supervision saying he didn't leave because Atlanta Fed dropped the regulatory ball. LMFAO!
There's a new pimp in town and if the little bankers are smart, they'll take Jamie Dimon's hint and go get that big fat bonus. It's practically dangling right in front of their noses, It's out, he says, so come get it.
JPMorgan CEO Jamie Dimon said Tuesday his bank won't try to hire top performers at Citigroup and Bank of America, days after the government's "pay czar" slashed pay for the biggest earners at JPMorgan's troubled rivals.
"I morally have an issue with people going against these companies that are hamstrung and making it worse," Dimon told a conference of financial professionals in New York.
Bank of America, which has received $45 billion in federal bailout money, said the pay caps will hurt its ability to offer competitive salaries and that rivals unencumbered by the restrictions already were wooing away its employees.
Dimon said that's not the case at JPMorgan & Chase Co., which repaid its $25 billion in bailout funds earlier this year and has emerged from the financial crisis as one of the nation's strongest banks.
"It would be wrong for us to say, 'Let's go hire their best people.' I think that would be a terrible thing to do, so we're not going to do that," he said.
Dude, if you have to point it out...