15 May 2012

Chase exec's golden parachute

JP Morgan Chase announced yesterday that its chief investment officer, Ina Drew, will retire in the wake of the institution's $2 billion trading loss.

But don't worry - she'll be just fine. Drew was paid $15.5 million last year and almost $16 million in 2010. And she probably will receive some very attractive retirement perks.

She will never have to feel what the unemployed members of the 99% are feeling.

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