This comment was by Michelle on Jake DiMare’s post JP Morgan’s CEO Thinks YOU are Overpaid.
Someone calculated $23 million/year works out to be $10,000 an HOUR and nobody is worth that an hour. That’s not a salary, that’s a Powerball lottery jackpot.
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photo: jessicamullen / flickr
“Consider the wisdom of economist John Maynard Keynes: The rich are tolerable only so long as their gains appear to bear some relation to roughly what they have contributed to society. Think of it as proportional and justified economic success. This can be tolerated by poor and middle class people if they believe the economic system is fair and properly rewards those who work harder or have better capabilities. But truly obscene economic rewards angers people. When most prosperity and wealth is unfairly channeled to relatively few Upper Class people, it is only a matter of time until fuming, resentful… Read more »
I can’t remember where I saw it, but someone once said that if you pay a man an unreasonable sum to do a job, it isn’t long before he feels that he deserves it.