tyb
way better then original
Jamie Dimon gets a raise to $31.5 million after record 2019 profit at JP Morgan
J.P. Morgan Chase CEO Jamie Dimon got a 1.6% raise to $31.5 million for his work in 2019 after his bank posted record earnings and shares of the company surged.
Dimon’s compensation package includes $1.5 million in salary and $30 million in performance-based incentives, according to a filing released late Thursday.
Of the $30 million in incentives, $5 million will be delivered in cash and $25 million will come in stock compensation, according the filing.
2019 was a banner year for J.P. Morgan, the biggest U.S. bank by assets. It produced $36.4 billion in profit last year, more than any bank in history, and shares climbed more than 40%, exceeding rivals and the broader indexes. The firm gained market share across retail banking and institutional businesses.
Dimon said last week that he still wants to run J.P. Morgan for another five years.
Dimon is the second CEO of a big U.S. bank to disclose his pay for 2019. Last week, Morgan Stanley disclosed that it was paying CEO James Gorman $27 million, a 7% cut, after the bank’s shares underperformed some rivals.
https://www.cnbc.com/2020/01/23/jamie-dimon-gets-a-raise-to-31point5-million-after-record-2019-profit-at-jp-morgan.html
Chinese warplanes pass through Bashi Channel
Chinese People’s Liberation Army Air Force aircraft yesterday passed through the narrow Bashi Channel to the south of Taiwan on a long-range exercise, Taiwan’s Ministry of National Defense (MND) said, the first publicized drills near the nation since elections earlier this month. China has routinely sent bombers and other aircraft close to Taiwan since President Tsai Ing-wen (蔡英文) took office in 2016.
Beijing believes that Tsai is pushing for Taiwan’s formal independence. In an interview with the BBC earlier this month, Tsai said Taiwan is already an independent nation called the Republic of China. She won re-election by a landslide on Jan. 11 on a platform of standing up to China.
In a short statement, the MND said that the Chinese airplanes, including H-6 bombers and KJ-500 early warning and control aircraft, flew to the south of Taiwan through the Bashi Channel, which separates the nation from the Philippines.
After carrying out drills above the Pacific Ocean, the aircraft returned to China, the ministry said.
The armed forces have a well-honed system to monitor and respond to such drills, it added, without giving details or saying whether fighter jets were scrambled.
The Chinese Ministry of National Defense did not immediately respond to a request for comment.
http://www.taipeitimes.com/News/front/archives/2020/01/24/2003729767
gotta pay for food and pussy one way or the other right?