Obama Doesn’t ‘Begrudge’ Bonuses for Blankfein, Dimon Update1 – Bloomberg.com

Feb. 10 Bloomberg — President Barack Obama said he doesn’t “begrudge” the $17 million bonus awarded to JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon or the $9 million issued to Goldman Sachs Group Inc. CEO Lloyd Blankfein, noting that some athletes take home more pay.The president, speaking in an interview, said in response to a question that while $17 million is “an extraordinary amount of money” for Main Street, “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.”“I know both those guys; they are very savvy businessmen,” Obama said in the interview yesterday in the Oval Office with Bloomberg BusinessWeek, which will appear on newsstands Friday. “I, like most of the American people, don’t begrudge people success or wealth. That is part of the free- market system.”

via Obama Doesn’t ‘Begrudge’ Bonuses for Blankfein, Dimon Update1 – Bloomberg.com.

via Obama Doesn’t ‘Begrudge’ Bonuses for Blankfein, Dimon Update1 – Bloomberg.com.

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