New era of cooperation between White House, big business(Read article summary)
Two years ago, bankers visited the White House to talk about a bailout. Last year, President Obama met with bankers to discuss improving the economy. What will today's meeting discuss?
Larry Downing / Reuters
“If we’re going to strengthen our economy and grow jobs, this type of outreach — and cooperation between the administration, Congress, and the private sector — are critical,” says Dimon.
Dimon met last week with the President. Thirty other CEOs are meeting with him today.
Dimon’s compensation over the last three years has averaged $21,991,394 a year. The tax deal agreed to between President Obama and the Republicans will give Dimon and extra $1,179,000 next year, according to an analysis by Citizens for Tax Justice.
The bank Dimon heads was also the beneficiary of the giant Wall-Street bailout of 2007 and 2008. JPMorgan Chase & Co, along with other Wall Street banks, also poured millions of dollars into a lobbying campaign to water down the financial reforms Congress considered earlier this year.
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