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Katie Porter pushes Jamie Dimon over for executive compensation



The back and forth came during a hearing of the House Financial Services Committee with the CEOs of some major banks on Wednesday. Porter, a Californian Democrat, told the story of a JPMorgan Chase employee who is a fraction of what the top executives of the company paid, who each month have a deficit of $ 567 because their salary is insufficient to cover the bottom line cover up.

"How should she manage these budget deficits while working full-time in your bank?" Porter asked Dimon.

"I do not know that all your numbers are accurate, this number is generally a starter job -" he said.

"She's a young employee, she has a 6-year-old child" her first job, "Porter said.

" You can get these jobs from high school, and she might one day have my job, " replied Dimon.

"She can, but Mr. Dimon does not do it. You do not have the opportunity to spend your $ 31
million now," Porter said, referring to Dimon's salary package for 2018.

"I'm perfectly sympathetic "said Dimon.

" She has only $ 567, what would you suggest she do? "Porter squeezed."

"I do not know, I need to think about it," he said.

"Would you recommend that she pull out a JP Morgan Case credit card and run a deficit?" Porter asked.

Dimon repeated, "I do not know, I have to think about it."

"Would you recommend that you overdraft your bank and be charged an overdraft fee?" Porter asked.

"I do not know that Think about it, "Dimon said a third time, adding," I would like to call and have a conversation about their financial affairs and see if we could do it to help. "

" to see if you could find a way to live from less than the minimum I have described? "Asked Porter."

"Just to be helpful," said Dimon.

"Well, I'm pleased with your desire to be helpful, but I want you to give families a way to get over Making the rounds Meet yourself, "Porter said.

After the hearing, Porter tweeted a picture of a white board with her calculations behind the numbers she referred to during the hearing.

" During mine Questioning @jpmorgan boss Jamie Dimon said he did not know if all my numbers were correct, " she tweeted ." Here's the math so he can check. "


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