JPMorgan Chase boss Jamie Dimon got a 74% pay hike for last year, even though the bank was forced to pay billions in fines and settlements last year.
In a government filing Friday, JPMorgan Chase (JPM, Fortune 500) said Dimon would receive $18.5 million worth of restricted stock that will vest over the next three years as his 2013 bonus. That's up from a $10 million bonus for 2012. His $1.5 million base salary remains unchanged
Now imagine if he did not pocket the money but instead put it back in the company, reduced his pay considerably (made it match his actual worth to the social enterprise), distanced himself from the extremely narrow values of the shareholders, and made sure his employees, particular those at the bottom, had good reason not to feel that their jobs had as much stability as the mind of the wind. In that case, he would not be a capitalist; he would be no better than a grocer.