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Jamie Dimon earned $39 million in 2024.

by CurtHagenlocher 2y ago

Alupis 2y ago
Ok, and?
- oniony 2y ago
  That's probably why he's happy to work in the office seven days a week.
  - apwell23 2y ago
    i would work for the taliban if they paid me that much
    - whynotminot 2y ago
      Ok I laughed so hard at this. But yeah, really tired of CEOs criticizing their workforces when they make as much money as they do. Pay me your salary and I’ll live in the office.
      - Alupis 2y ago
        We have FAANG'ers bringing in hundreds of thousands and still complaining about RTO. We never had WFH before - it was an experiment. For many businesses, the experiment didn't work. If you don't want RTO, find some other business that allows WFH. It's pretty much that simple...
        whynotminot 2y ago
        Where’s that data that it didn’t work? No one can show me this. It works fine.
        Alupis 2y ago
        The data is all of the companies saying it doesn't work and calling for RTO. Does anything really think they're doing this for funsies? Does anyone comprehend how expensive it is to operate office buildings? We think of these mega-corps as inhuman, penny pinching, stingy monoliths - yet we then believe they're blowing tens of thousands, hundreds of thousands, or millions of dollars a month on office space that's unnecessary. The math ain't mathin'..
        whynotminot 2y ago
        You think these ego-maniac CEOs are entirely rational machines? They’re just as into vibes as the corner shop trying to sell you spirit crystals. Show me one CEO with a building and I’ll show you one who doesn’t have one. ThE MaTh AiNt MaThInG
        olyjohn 2y ago
        https://apnews.com/article/jpmorgan-chase-bank-earnings-profit-38c5a832fdb4503d8483d6115b4a8ee1 https://apnews.com/article/jpmorgan-chase-bank-earnings-prof... Speaking of "math that ain't mathin'" what about the fact that their best year ever was a year while they had a shitload of remote workers?
        mneil 2y ago
        If it didn't work how did JP Morgan bring home record profits in 2024? And in 2023, and in 2022, and in 2021? Nothing is failing. Bro likes the office. He thinks everyone should too.
        whynotminot 2y ago
        It’s insane to me how all these companies have profit numbers up and to the right for half a decade under hybrid policies, but then are like “you know what will make us do even better? Pissing off the whole work force all at once for no good reason.” It’s just comically stupid.
  - placardloop 2y ago
    My guess is that it probably has more to do with the fact that Dimon probably has an entire floor all to himself with all kinds of customized artwork, couches, lounge chairs etc, with personal assistants, likely a private elevator, maybe even a private chef or personal catering everyday etc. He doesn’t have to deal with fighting for conference rooms, loud office mates, a shitty cubicle, etc. Dimon’s office is likely bigger and nicer than most of his employees homes, so of course he doesn’t mind working from there.
  - mitthrowaway2 2y ago
    Does he? I wonder what his attendance record is.
    - oniony 2y ago
      I doubt it, but he apparently claimed he does.
silverquiet 2y ago
That's such a strange number to me these days. If I got paid that much in a year, I'd instantly retire, and yet it's still essentially nothing compared to $1 billion, which Elon Musk probably makes or loses in an average day (and has lost much more than that over the past few months due to the drop in TSLA) and has no actual effect on his lifestyle.
- deadbabe 2y ago
  Why retire? You work just a few more years and you’ll have $100million+
  - jemmyw 2y ago
    because you can do everything you want to do for the rest of your life for $30million and don't need to continue working for 100?
    - deadbabe 2y ago
      No you can’t? You can blow $20 million on a house that then costs $500k a year in maintenance, and that’s just the beginning. And then you might say well just buy a regular house?? Why bother going through the struggle of becoming a CEO just to work for one year as CEO then go live in a regular house? Does not make sense at all.
      - disambiguation 2y ago
        Warren buffet would like a word. https://www.fancypantshomes.com/celebrity-homes/warren-buffett-house-in-omaha/ https://www.fancypantshomes.com/celebrity-homes/warren-buffe... > For six decades, Buffett has lived in the same residence in the central Dundee neighborhood of Omaha, Neb. The “Oracle of Omaha” purchased the home for $31,500, which would be worth about $250,000 in today’s dollars. > As it turns out, the house was the “third-best investment” he’s ever made, Buffett wrote in a letter to his shareholders in 2010.
      - marssaxman 2y ago
legitster 2y ago
That's not actually a huge number in the grand scheme of things. That's entertainer/pro athlete money. Especially considering he runs one of the most powerful companies in the country and his net worth is $2.6 billion.
- drawkward 2y ago
  >That's not actually a huge number in the grand scheme of things. Your comment seems to lack any awareness of the distribution of annual income.
  - legitster 2y ago
    No, I'm aware. It's just $39 million a year is not actually a salacious number. It's actually a semi-reasonable salary given the size and performance of the company in question. If only compensation for the 0.1% stopped there. But unfortunately, the distribution of income pretty closely follows the Pareto principle.
    - PaulDavisThe1st 2y ago
      Your claim requires the belief that $39M is a reasonable compensation rate for anything at all. I dispute that. However, I also acknowledge that I don't have a solid proposal to deal with how to distribute vast revenue/profits within organizations that successfully raise them. Mostly I think it indicates they should be charging customers/clients less, but I'm not a proponent of any sort of simplistic "maximimum salary" rules.
    - drawkward 2y ago
      I find it morally repugnant that anyone makes $39 million in a year.
    - happytoexplain 2y ago
      I find it hyper salacious. Driving a boat twice as big doesn't make you inherently deserving of double the pay, just as investing double the money doesn't make you inherently deserving of double the return. And the oft-cited accountability of leadership over large machines does not come even an additional 5% closer to validating that salary. I am of course speaking from a human context, which I realize is not the context normally used when talking about these things. You're utterly right: It's not salacious in the capitalistic context from which we have yet to find a viable escape.

Jamie Dimon earned $39 million in 2024.

Alupis 2y ago

Ok, and?

oniony 2y ago
That's probably why he's happy to work in the office seven days a week.
- apwell23 2y ago
  i would work for the taliban if they paid me that much
  - whynotminot 2y ago
    Ok I laughed so hard at this. But yeah, really tired of CEOs criticizing their workforces when they make as much money as they do. Pay me your salary and I’ll live in the office.
    - Alupis 2y ago
      We have FAANG'ers bringing in hundreds of thousands and still complaining about RTO. We never had WFH before - it was an experiment. For many businesses, the experiment didn't work. If you don't want RTO, find some other business that allows WFH. It's pretty much that simple...
      - whynotminot 2y ago
        Where’s that data that it didn’t work? No one can show me this. It works fine.
        Alupis 2y ago
        The data is all of the companies saying it doesn't work and calling for RTO. Does anything really think they're doing this for funsies? Does anyone comprehend how expensive it is to operate office buildings? We think of these mega-corps as inhuman, penny pinching, stingy monoliths - yet we then believe they're blowing tens of thousands, hundreds of thousands, or millions of dollars a month on office space that's unnecessary. The math ain't mathin'..
        whynotminot 2y ago
        You think these ego-maniac CEOs are entirely rational machines? They’re just as into vibes as the corner shop trying to sell you spirit crystals. Show me one CEO with a building and I’ll show you one who doesn’t have one. ThE MaTh AiNt MaThInG
        olyjohn 2y ago
        https://apnews.com/article/jpmorgan-chase-bank-earnings-profit-38c5a832fdb4503d8483d6115b4a8ee1 https://apnews.com/article/jpmorgan-chase-bank-earnings-prof... Speaking of "math that ain't mathin'" what about the fact that their best year ever was a year while they had a shitload of remote workers?
      - mneil 2y ago
        If it didn't work how did JP Morgan bring home record profits in 2024? And in 2023, and in 2022, and in 2021? Nothing is failing. Bro likes the office. He thinks everyone should too.
        whynotminot 2y ago
        It’s insane to me how all these companies have profit numbers up and to the right for half a decade under hybrid policies, but then are like “you know what will make us do even better? Pissing off the whole work force all at once for no good reason.” It’s just comically stupid.
- placardloop 2y ago
  My guess is that it probably has more to do with the fact that Dimon probably has an entire floor all to himself with all kinds of customized artwork, couches, lounge chairs etc, with personal assistants, likely a private elevator, maybe even a private chef or personal catering everyday etc. He doesn’t have to deal with fighting for conference rooms, loud office mates, a shitty cubicle, etc. Dimon’s office is likely bigger and nicer than most of his employees homes, so of course he doesn’t mind working from there.
- mitthrowaway2 2y ago
  Does he? I wonder what his attendance record is.
  - oniony 2y ago
    I doubt it, but he apparently claimed he does.

silverquiet 2y ago

That's such a strange number to me these days. If I got paid that much in a year, I'd instantly retire, and yet it's still essentially nothing compared to $1 billion, which Elon Musk probably makes or loses in an average day (and has lost much more than that over the past few months due to the drop in TSLA) and has no actual effect on his lifestyle.

deadbabe 2y ago
Why retire? You work just a few more years and you’ll have $100million+
- jemmyw 2y ago
  because you can do everything you want to do for the rest of your life for $30million and don't need to continue working for 100?
  - deadbabe 2y ago
    No you can’t? You can blow $20 million on a house that then costs $500k a year in maintenance, and that’s just the beginning. And then you might say well just buy a regular house?? Why bother going through the struggle of becoming a CEO just to work for one year as CEO then go live in a regular house? Does not make sense at all.
    - disambiguation 2y ago
      Warren buffet would like a word. https://www.fancypantshomes.com/celebrity-homes/warren-buffett-house-in-omaha/ https://www.fancypantshomes.com/celebrity-homes/warren-buffe... > For six decades, Buffett has lived in the same residence in the central Dundee neighborhood of Omaha, Neb. The “Oracle of Omaha” purchased the home for $31,500, which would be worth about $250,000 in today’s dollars. > As it turns out, the house was the “third-best investment” he’s ever made, Buffett wrote in a letter to his shareholders in 2010.
    - marssaxman 2y ago

legitster 2y ago

That's not actually a huge number in the grand scheme of things. That's entertainer/pro athlete money. Especially considering he runs one of the most powerful companies in the country and his net worth is $2.6 billion.

drawkward 2y ago
>That's not actually a huge number in the grand scheme of things. Your comment seems to lack any awareness of the distribution of annual income.
- legitster 2y ago
  No, I'm aware. It's just $39 million a year is not actually a salacious number. It's actually a semi-reasonable salary given the size and performance of the company in question. If only compensation for the 0.1% stopped there. But unfortunately, the distribution of income pretty closely follows the Pareto principle.
  - PaulDavisThe1st 2y ago
    Your claim requires the belief that $39M is a reasonable compensation rate for anything at all. I dispute that. However, I also acknowledge that I don't have a solid proposal to deal with how to distribute vast revenue/profits within organizations that successfully raise them. Mostly I think it indicates they should be charging customers/clients less, but I'm not a proponent of any sort of simplistic "maximimum salary" rules.
  - drawkward 2y ago
    I find it morally repugnant that anyone makes $39 million in a year.
  - happytoexplain 2y ago
    I find it hyper salacious. Driving a boat twice as big doesn't make you inherently deserving of double the pay, just as investing double the money doesn't make you inherently deserving of double the return. And the oft-cited accountability of leadership over large machines does not come even an additional 5% closer to validating that salary. I am of course speaking from a human context, which I realize is not the context normally used when talking about these things. You're utterly right: It's not salacious in the capitalistic context from which we have yet to find a viable escape.