Compensation for Mr Jamie Damon, Chief Exec JPMorgan Chase was US$31 mil in 2018, 5.1% higher than 2017 (US$ 31.4 mil).

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James Gorman, Chief Exec Morgan Stanley takes US$ 29 mil in 2018.

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US six large banks report profits at US$ 117.6 bil. That is US$ 19,6 bil per bank, thus US$30 mil is 0.15% of the profit, sort of like a ‘commission’.

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If there is team work, it doesn’t show much when we consider the discrepancy between CEO vs rank-and-file, a staggering 364 times the median employee salary.