This is not how Wall Street can win the favor of the financial press, by calling them overpaid, when newspaper reporters earn an average of $44,000 a year, compared to the average JPMorgan employee who makes $342,000!
Let this forever put to rest the commonly-held view that Jamie Dimon is "smart." Just like criticizing the media never works for politicians in trouble, it doesn't work for rich asshole bankers.
By Dakin Campbell and Andrea Ludtke
February 29, 2012 | Bloomberg