From the article –

After posting a $17.4 billion profit for 2010, JPMorgan Chase & Co. awarded Chief Executive Jamie Dimon restricted stock and options that could be worth $17 million.

The award is a large part of overall compensation for Dimon, who runs the second-largest U.S. bank by assets. It includes a grant of about $12 million worth of restricted stock, plus options worth about $5 million based on a commonly used valuation method.

I could comment on this but I found a far more eloquent body of thought on this subject than anything I could say by myself.

I want you to go to the comments.

When I started writing this, there were 272 comments. By the time I had finished there were 292.

There are some vigorous thoughts expressed in that section. I don’t recommend you stay too long. We probably should avoid that level of strong emotion for more than limited periods of time. Many of us have high blood pressure or are simply in need of exercise.

I also recommend that you read some of the comments, save the link and go back tomorrow. I bet there will be more than a thousand by then.

Have a good read!

James Pilant