Welcome to The Conservative Cave©!Join in the discussion! Click HERE to register.
0 Members and 1 Guest are viewing this topic.
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.
The White House is moving swiftly to stem the fallout from a potentially damaging interview President Obama gave on Tuesday, in which, it was reported, he did not "begrudge" the multibillion-dollar bonuses of Wall Street executives.Administration aides insisted, in email exchanges with the Huffington Post, that the quote was largely overplayed. The story, they say, made it appear as if the president didn't mind massive compensation packages when he was simply stating that he didn't fault anyone for his or her personal or professional success.
