Ned Pepper's Outrages

Monday, May 14, 2012

Ina Drew's Take Home

Ina Drew, the 'financial genius' who until a few days ago was a Captain of the Universe and head of the London Office of JP Morgan Chase, has, as Ned's friends all know, had to quit after the firm took a $3 billion bath on some bets at the Dog Track that went wrong. But Ned advises his many friends not to feel too sad for Ms Drew, since she took home $14 million last year alone. Ned wonders whether it isn't better to pay 140 people $100,000 a year (so they pay maximum income taxes, and payroll taxes, but can still limp along on that wage) than to pay ANYONE $14 million a year. Just askin.'

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