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Friday's CEO, Jamie Dimon, said at the press conference on Friday's results that the bank was bragging about the bank's better-than-expected performance in the first quarter of this year. But he could not avoid the subject of the minimum wage.
"We take very good care of our junior employees," he said, noting that the bank had paid between $ 35,000 and $ 37,000. as for starting salaries plus benefits.
"When you look at wages, you better look at others, the banking sector is pretty good," said Dimon. He wondered if media companies like CNBC or the New York Times paid for their employees as soon as they finished high school.
During a hearing of the House Finance Committee on Wednesday, leaders of major US banks, including Dimon, were subjected to repeated pressure to obtain compensation, particularly with respect to their compensation programs. several million dollars. Representative Katie Porter stated during the hearing that a single parent occupying a new position at JPMorgan was unable to make ends meet.
JPMorgan pays beginner employees between $ 15 and $ 18 an hour, depending on their location, with salaries in larger cities being higher.
"We believe we are paying fairly and competitively," said Marianne Lake, JPMorgan's Chief Financial Officer.
Could Dimon be replaced by a woman?
In addition to the minimum wage, Dimon also insisted on whether he could be replaced by a woman – Lake, for example.
"We are not commenting on the succession," he said Friday, noting that the JPMorgan board of directors, of course, appointed a CEO, not the outgoing leader, and that the timing was also important.
"We have exceptional women and my successor could be a woman," he said, adding that the bank's operations committee was filled with people who could replace Dimon after he left.
JPMorgan declined to comment further.
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