First-term Rep. Katie Porter (D-Calif.) grills JPMorgan Chase CEO Jamie Dimon, who made $31 million last year, on how a low-paid teller working at his bank is supposed to pay the bills. Read more: https://wapo.st/2IsAn8V. Subscribe to The Washington Post on YouTube: https://wapo.st/2QOdcqK Follow us: Twitter: https://twitter.com/washingtonpost Instagram: … [Read more...]
Congresswoman Katie Porter grills billionaire CEO over pay disparity at JP Morgan
California Democratic congresswoman Katie Porter spelled out to JP Morgan's CEO, Jamie Dimon, the real-world implications of the low wages his bank pays its junior employees at a senate hearing on Wednesday. After running Dimon through the numbers, Porter found that a single mother on the bank's starting salary for a teller would be $567 in the red at the end of each month. … [Read more...]