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Wednesday, May 16, 2012

Lose $2 billion, earn $23 million, ah, the joys of being a Wall Street executive

JPMorgan head didn't practice what he preached at Harvard - and fooled himself in the process

Also, the shareholders found out shortly before their meeting that Dimon oversaw a massive loss that is probably more than $2 billion over risky practices. How did they reward him? With a $23 million compensation package. Yeah, that'll show him to never allow his company to make that type of mistake again. And yeah, we have no reason to worry that bankers are getting the message.

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