JPMorgan boss Jamie Damon defended the 31 31.5 million salary he lost as a result of the country’s “free market” in an interview about the bank’s multibillion-dollar pledge to tackle racial inequality. “Everyone should appreciate.”
The company’s board gave Damon a massive package for 2020, and. They have given millions more rewards in stock options. If the CEO and Chairman remain in office for at least five years.
“The board decides what I do,” Damon said. Told Axios Co-founder James Wande co-hosted an interview aired Sunday evening.
Wanda He suggested that the daemon – which is worth about 2 2 billion. Forbes – could have asked the board to reduce his salary, but Damon replied that JPMorgan’s board would commit a crime, adding that the CEO’s salary is part of an “umbrella” plan to retain executives. Made for
“We have a free market in this country, which everyone should appreciate,” Damon said.
“They can all sell their services elsewhere. I need to keep the best team on the field. And I need to pay them properly to do that. You may not like it. , But that’s it.
The axis of the Axios sit-in was the bank. Promise ڈالر 30 billion In insecure communities for more than five years towards loans and other economic opportunities.
But the wide-ranging interview touched on a variety of topics, such as how Demon decides that JPMorgan should be included in a political article banning almost all abortions in a state like the recent law in Texas.
“I get a lot to take a position and some we do, some we don’t, some we can’t,” he said. JPMorgan’s place is to make policy with regard to other countries.
“But I have made it very clear: we believe in human rights. We believe in free enterprise. We believe in capitalism. It’s all against China,” he added.
At the same time, he said, following nationwide protests following the assassination of George Floyd’s former Minneapolis police officer, Derek Chuan, the bank “doubled: what can we do to help the black community?”
Damon’s efforts on various so-called environmental, social, and governance issues have drawn criticism from some on the right, including Republican Sen. Tim Scott of South Carolina, who has previously called for “capitalism” on JPMorgan and other major banks. Awakening.
Asked by Axios if he was really “awake”, Damon replied, “I don’t know what that means.”
“I just look at the issues: is it right? Is it wrong? Should you do something about it? Is it appropriate for your company to do so?”