“I know both those guys; they are very savvy businessmen,” the president told Business Week of the CEOs of J.P. Morgan and Goldman Sachs, who recently declared they would be paying themselves bonuses worth several million dollars. It’s unclear if the reporter asked the president to provide a tiebreaker by declaring which CEO was his favorite at the moment, but he gave a hint, anyway. Seventeen million, the amount of Dimon’s pay, is “an extraordinary amount of money,” he said. “There are some baseball players who are making more than that and don’t get to the World Series either, so I’m shocked by that as well.” Urf. Sounds like someone needs to practice their swing if they want that Treasury Secretary gig.
Obama Doesn’t ‘Begrudge’ Bonuses for Blankfein, Dimon [Bloomberg/BusinessWeek]