Congresswoman grills billionaire CEO over pay disparity at JP Morgan

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Added 4 years ago by andem

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California Democratic congresswoman Katie Porter spelled out to JP Morgan's CEO, Jamie Dimon, the real-world implications of the low wages his bank pays its junior employees at a senate hearing on Wednesday. After running Dimon through the numbers, Porter found that a single mother on the bank's starting salary for a teller would be $567 in the red at the end of each month. Asked how a woman in that situation could get by, Dimon said, 'I don't know'
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