At its heart, the question posed by Rep. Katie Porter (D-Calif.) to JPMorgan Chase CEO Jamie Dimon was simple: How should a woman who lived in her district manage the fact that her job with Dimon’s company didn’t pay enough to cover her bills? With a take-home pay of $35,070 a year, including a $750 bonus, the employee came up nearly $600 short a month on her expenses, even excluding costs such as clothes and medication.
“I don’t know,” Dimon replied. “I’d have to think about that.”
“Would you recommend that she take out a JPMorgan Chase credit card and run a deficit?” Porter asked.
“I don’t know. I’d have to think about it,” Dimon replied, this time somewhat curtly.
View the complete April 12 article by Philip Bump on The Washington Post website here.